Guideline Value for Thulasidoss Nagar

Thulasidoss Nagar guideline value

The current guideline value of Thulasidoss Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Thulasidoss Nagar has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision set the value at Rs 1,273 per sq.ft, which rose to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further increased the value to Rs 2,090 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are a total of 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, making Thulasidoss Nagar's 2024 figure of Rs 2,090 per sq.ft above the median.

• Thoppu Street: Rs 1,870 per sq.ft (2024)
• Thiruvenkadam Avenue: Rs 1,320 per sq.ft (2024)
• Udhayakumar Nagar: Rs 1,870 per sq.ft (2024)
• Udhaya Nagar: Rs 2,530 per sq.ft (2024)
• Thiruvalluvar City III: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar City II: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasidoss Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thulasidoss Nagar?

The Thulasidoss Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded at a value that reflects the current market conditions as determined by the Registration Department.

Frequently asked questions

What is the current guideline value of Thulasidoss Nagar?

The current guideline value of Thulasidoss Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Thulasidoss Nagar?

For a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Which office handles property registrations for Thulasidoss Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Thulasidoss Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Thulasidoss Nagar?

Thulasidoss Nagar is classified as Residential Special Type - II under the guideline value register.