Guideline Value for Thulasi Nagar Annex

Thulasi Nagar Annex guideline value

The current guideline value of Thulasi Nagar Annex, located in Chennerkuppam village under the Kunrathur SRO, is Rs 1,430 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Thulasi Nagar Annex has changed

The guideline value for Thulasi Nagar Annex has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 857 per sq.ft. This value increased to Rs 1,300 per sq.ft in 2012, marking a rise of 52%. However, it then decreased to Rs 871 per sq.ft in 2017, a decline of 33%. The value surged significantly to Rs 1,300 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,430 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 67%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Thulasi Nagar Annex's 2024 figure below this median.

• Thulasi Nagar: Rs 1,430 per sq.ft (2024)
• Thiruverkkadu Road: Rs 2,090 per sq.ft (2024)
• Thiruverkadu Co-operative Nagar PhaseIII&Part1,2: Rs 1,540 per sq.ft (2024)
• Vallaler Street: Rs 1,540 per sq.ft (2024)
• Vaniyar Street: Rs 1,320 per sq.ft (2024)
• Vanuver Veethi: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasi Nagar Annex?

The Thulasi Nagar Annex is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chennerkuppam. It is used to determine the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's valuation.

Frequently asked questions

What is the current guideline value of Thulasi Nagar Annex?

The current guideline value of Thulasi Nagar Annex is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 857 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, reflecting an overall increase of 67% over this period.

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

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100, and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles property registration for Thulasi Nagar Annex?

The Kunrathur Sub Registrar Office handles property registration for Thulasi Nagar Annex, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Chennerkuppam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions, which are updated periodically through revisions.