Guideline Value for Thulasi Street

Thulasi Street guideline value

The current guideline value of Thulasi Street in 5. Athipattu village, under the Konnur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Thulasi Street has changed

The guideline value for Thulasi Street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw another increase of 10%, bringing the value to Rs 2,200 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Thulasi Street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, which is the same as the current value for Thulasi Street.

• Thulugathamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Thiruvalluvar Street (Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,600 per sq.ft (2024)
• T.T. Mathew 1st Cross Street: Rs 3,600 per sq.ft (2024)
• T.T.Mathew Avenue: Rs 3,601 per sq.ft (2024)
• T.T. Mathew Street: Rs 3,600 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers Thulasi Street?

The Sub Registrar Office that covers Thulasi Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor in the registration process of property transactions in 5. Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thulasi Street?

The current guideline value of Thulasi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the other streets in 5. Athipattu and their guideline values?

Other streets in 5. Athipattu include Thulugathamman Kovil Street at Rs 1,600 per sq.ft, Thiruvalluvar Street (Chelliamman Nagar) at Rs 2,200 per sq.ft, and several others ranging up to Rs 3,601 per sq.ft.

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

The Sub Registrar Office for Thulasi Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Thulasi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.