Guideline Value for THULASINGAM 2ND STREET

Thulasingam 2nd Street guideline value

The current guideline value of Thulasingam 2nd Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Thulasingam 2nd Street has changed

The guideline value for Thulasingam 2nd Street has seen several revisions over the years. In 2003, the value was Rs 494 per sq.ft, which increased to Rs 900 per sq.ft in 2007. Following that, the value rose significantly to Rs 4,000 per sq.ft in 2012, but then dropped to Rs 2,680 per sq.ft in 2017. The value was Rs 4,000 per sq.ft again in 2023, and the most recent revision in 2024 set it at Rs 4,300 per sq.ft. The register has no figure for this street for the year 2002.

Between the revisions, the changes were notable. From 2003 to 2007, there was an increase of 82%, followed by a substantial rise of 344% from 2007 to 2012. However, the value decreased by 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was an 8% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 770%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, making Thulasingam 2nd Street's 2024 figure of Rs 4,300 per sq.ft above the median.

• Thulasingam 2nd Lane: Rs 4,300 per sq.ft (2024)
• Thulasingam 1st Street: Rs 4,300 per sq.ft (2024)
• Thulasingam 1st Lane: Rs 4,300 per sq.ft (2024)
• Thulasingam Street: Rs 4,300 per sq.ft (2024)
• Thiru.V.K Street: Rs 3,200 per sq.ft (2024)
• Thiru.V.K Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasingam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000. Together, the total cost would be Rs 3,87,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thulasingam 2nd Street?

The Sub Registrar Office that covers Thulasingam 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a critical factor when buying or selling property in Perambur. It determines the minimum value at which a property can be registered, ensuring that the transaction is officially recognized and documented by the authorities.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thulasingam 2nd Street?

The current guideline value of Thulasingam 2nd Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 494 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 770% over this period.

What are the stamp duty rates for property in Thulasingam 2nd Street?

The stamp duty for property in Thulasingam 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Thulasingam 2nd Street?

The Purasaivakkam Sub Registrar Office is responsible for Thulasingam 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Thulasingam 2nd Street?

Thulasingam 2nd Street is classified as Residential Class II Type - I, indicating its designated use for residential purposes.