Guideline Value for Thulasi Street

Thulasi Street guideline value

The current guideline value of Thulasi Street in Oragadam village, under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification.

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 1,500 per sq.ft, which later decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a significant drop of 33%. However, from 2017 to 2023, the value rose sharply to Rs 1,500 per sq.ft, reflecting an increase of 49%. The most recent revision in 2024 has further increased the value to Rs 1,600 per sq.ft, a rise of 7% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Thulasi Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Thulasi Street's 2024 value below this median.

• Thuluganathamman Kovil Street: Rs 1,800 per sq.ft (2024)
• Thomas Street (Pudur): Rs 1,900 per sq.ft (2024)
• Thomas Street (A.K.A. Nagar): Rs 1,400 per sq.ft (2024)
• Thiru.V.Ka.Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Thiru.V.Ka.Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Thiruvengadam Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, 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 information.

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

The guideline value is a critical factor in property transactions in Oragadam, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure they are compliant with registration requirements and to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Thulasi Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification of Thulasi Street?

Thulasi Street is classified as Residential Class II Type - I according to the land classification regulations.

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

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

How is stamp duty calculated for properties on Thulasi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.