Guideline Value for Thulasiammal Nagar

Thulasiammal Nagar guideline value

The current guideline value of Thulasiammal Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Thulasiammal Nagar has changed

The guideline value for Thulasiammal Nagar has seen several revisions over the years. The oldest recorded revision was in 2007, where the value was Rs 620 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a change of +384%. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, where it increased to Rs 3,300 per sq.ft, reflecting a +10% change. The current guideline value of Rs 3,300 per sq.ft will be effective from 1 July 2024.

There are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +432%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Thulasiammal Nagar's current value below this median.

• Thulukkanam Naicken Street: Rs 4,100 per sq.ft (2024)
• Tholkappiar Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Surendran Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppusamy Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppan Street: Rs 3,300 per sq.ft (2024)
• Thiyagi Kuppan 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasiammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasiammal Nagar?

The Sub Registrar Office that covers Thulasiammal Nagar is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of Thulasiammal Nagar?

The current guideline value of Thulasiammal Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 620 per sq.ft in 2007 to Rs 3,000 per sq.ft in 2012, then remained the same until 2023, when it rose to Rs 3,300 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by +432%.

What is the median guideline value in Kodambakkam?

The median guideline value for streets in Kodambakkam under the Ashok Nagar SRO is Rs 4,900 per sq.ft, which is higher than the current value of Thulasiammal Nagar.

What are the stamp duty rates for properties in Thulasiammal Nagar?

The stamp duty for properties in Thulasiammal Nagar is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same amount.

Where can I find the Sub Registrar Office for Thulasiammal Nagar?

The Sub Registrar Office for Thulasiammal Nagar is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.