Guideline Value for Thulasi Street

Thulasi Street guideline value

The current guideline value of Thulasi Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO with a land classification of Mixed Type - I.

How the guideline value of Thulasi Street has changed

The guideline value for Thulasi Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,200 per sq.ft, which was later reduced to Rs 2,814 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,200 per sq.ft, and the most recent 2024 revision has further increased it to Rs 4,600 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 to 2023 revision, there was a significant increase of 49%, and the value rose by 10% from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, placing Thulasi Street's 2024 figure above the median.

• T.I. Cycle Road: Rs 6,500 per sq.ft (2024)
• Thiru.V.K. Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Thiruvengidachari Street: Rs 3,600 per sq.ft (2024)
• Thiruvengada Nagar west End Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada nagar South End Road: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar Main Road: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thulasi Street?

The Sub Registrar Office that covers Thulasi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Thulasi Street?

The current guideline value of Thulasi Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Thulasi Street?

Thulasi Street has a land classification of Mixed Type - I.

Where can I find the Sub Registrar Office for Thulasi Street?

The Sub Registrar Office for Thulasi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property in Thulasi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft would incur a stamp duty of Rs 3,22,000.