Guideline Value for Thulasinga Naicken strreet

Thulasinga Naicken strreet guideline value

The current guideline value of Thulasinga Naicken strreet is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of Thulasinga Naicken strreet has changed

Over the years, the guideline value of Thulasinga Naicken strreet has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,600 per sq.ft in 2012. However, this value dropped to Rs 2,412 per sq.ft in 2017, before rising again to Rs 3,600 per sq.ft in 2023. The current 2024 revision has further increased the value to Rs 3,900 per sq.ft.

In terms of percentage changes, the guideline value increased by 260% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 is an 8% increase. The overall change from 2007 to 2024 is a substantial 290%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, indicating that Thulasinga Naicken strreet's 2024 figure is below this median.

• Thiygappa Mudali 3rd lane: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali street: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali 2nd lane: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali 1st lane: Rs 7,100 per sq.ft (2024)
• Thiruvengadam street: Rs 7,100 per sq.ft (2024)
• Thiruvengadam Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasinga Naicken strreet

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, resulting in a total of Rs 3,51,000. 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 Thulasinga Naicken strreet?

The Sub Registrar Office that covers Thulasinga Naicken strreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

When buying or selling property in Egmore, the guideline value is a crucial factor during the registration process. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are accurately assessed based on the property's value.

The guideline value helps maintain transparency in property transactions, as it reflects the government's assessment of property values in the area. Buyers and sellers should be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

Frequently asked questions

What is the current guideline value of Thulasinga Naicken strreet?

The current guideline value of Thulasinga Naicken strreet is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 290% over the years.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft, which is above the current value of Thulasinga Naicken strreet.

What are the stamp duty and registration fees for properties in Thulasinga Naicken strreet?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft property, the total fees would amount to Rs 3,51,000 based on the current guideline value.

Where is the Sub Registrar Office for Thulasinga Naicken strreet located?

The Sub Registrar Office for Thulasinga Naicken strreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.