Guideline Value for Thulasi nagar

Thulasi nagar guideline value

The current guideline value of Thulasi nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Sigadivakkam village, under the Sunguvarchattram SRO, and is classified as Industries Type - I.

How the guideline value of Thulasi nagar has changed

The guideline value for Thulasi nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 500 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 335 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

When looking at the changes, there has been a 49% increase in the guideline value from 2017 to 2023, and the overall change from 2017 to 2024 is also +49%. The guideline value has remained stable at Rs 500 per sq.ft from 2023 to 2024, indicating no change in this period.

Guideline values in Sigadivakkam

In Sigadivakkam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, placing Thulasi nagar's 2024 figure above this median.

• Vellalar Street: Rs 226 per sq.ft (2024)
• Palla street: Rs 181 per sq.ft (2024)
• Mettu street: Rs 181 per sq.ft (2024)
• Kulakkarai Street: Rs 181 per sq.ft (2024)
• Kancheepuram Cheenai Road: Rs 500 per sq.ft (2024)
• Kamachiamman Nagar: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasi nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, calculated at 7%, would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 details.

Which Sub Registrar Office covers Thulasi nagar?

The Sub Registrar Office that covers Thulasi nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Sigadivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. It is crucial for buyers to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thulasi nagar?

The current guideline value of Thulasi nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What is the land classification for Thulasi nagar?

Thulasi nagar is classified as Industries Type - I, indicating its suitability for industrial purposes.

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

The Sub Registrar Office for Thulasi nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Thulasi nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000.