Guideline Value for THULASINGAM STREET

Thulasingam Street guideline value

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

How the guideline value of Thulasingam Street has changed

The guideline value for Thulasingam 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. The value then rose significantly to Rs 4,000 per sq.ft in 2012, but dropped to Rs 2,680 per sq.ft in 2017. Following this, the value increased to Rs 4,000 per sq.ft in 2023 and is currently set at Rs 4,300 per sq.ft from the 2024 revision. Notably, there is no figure for this street in the 2002 register.

Between the revisions, the changes were as follows: from 2003 to 2007, the value increased by 82%; from 2007 to 2012, it rose by 344%; however, from 2012 to 2017, it decreased by 33%. The value then saw a significant increase of 49% from 2017 to 2023, and an 8% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 770%.

Guideline values in Perambur

Within Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Thulasingam Street's current guideline value is above this median.

• Thulasingam 2nd Street: Rs 4,300 per sq.ft (2024)
• 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)
• 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 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, bringing the total fees to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thulasingam Street?

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

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

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling a property, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Thulasingam Street?

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

How 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, reflecting an overall increase of 770% over this period.

What are the stamp duty and registration fees for properties on Thulasingam Street?

For a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000.

Which office handles property registrations for Thulasingam Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Thulasingam Street, located at 93/1, Bricklin Road, Otteri, Chennai - 600 012.

What is the land classification of Thulasingam Street?

Thulasingam Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.