Guideline Value for TULSI NAGAR

Tulsi Nagar guideline value

The current guideline value of Tulsi Nagar, located in Neelamangalam village under the Gooduvancheri SRO, is Rs 1,300 per sq.ft. This value is classified under Residential Class II Type - II.

How the guideline value of Tulsi Nagar has changed

According to the guideline value register, the 2024 revision shows a guideline value of Rs 1,300 per sq.ft, which remains unchanged from the 2023 revision, also at Rs 1,300 per sq.ft. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no percentage change in the guideline value, indicating stability in the pricing for this period.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. Tulsi Nagar's guideline value of Rs 1,300 per sq.ft is above this median.

• Thiruvalluvar Nagar: Rs 500 per sq.ft (2024)
• Vamanan Nagar: Rs 500 per sq.ft (2024)
• Vanitha Square: Rs 1,300 per sq.ft (2024)
• Varadappa Naicker Nagar: Rs 500 per sq.ft (2024)
• S.V.P. Garden: Rs 500 per sq.ft (2024)
• Sundaram Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Tulsi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tulsi Nagar?

The Sub Registrar Office that covers Tulsi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Neelamangalam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

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 Tulsi Nagar?

The current guideline value of Tulsi Nagar is Rs 1,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Tulsi Nagar has remained at Rs 1,300 per sq.ft from 2023 to 2024. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Neelamangalam and their guideline values?

Other streets in Neelamangalam include Thiruvalluvar Nagar and Vamanan Nagar, both at Rs 500 per sq.ft, and Sundaram Nagar at Rs 600 per sq.ft. Vanitha Square shares the same guideline value as Tulsi Nagar at Rs 1,300 per sq.ft.

What are the stamp duty and registration fees for property in Tulsi Nagar?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Tulsi Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Tulsi Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.