Guideline Value for Thulasinga Perumal Koil 1st Lane

Thulasinga Perumal Koil 1st Lane guideline value

The current guideline value of Thulasinga Perumal Koil 1st Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thulasinga Perumal Koil 1st Lane has changed

The guideline value for Thulasinga Perumal Koil 1st Lane has seen several revisions over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this figure decreased to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a substantial increase of 49%. The change from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a remarkable 203%. Overall, from 2007 to 2024, the guideline value has increased by 233%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that have a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. Thulasinga Perumal Koil 1st Lane's 2024 figure is below this median.

• Thulasinga Perumal Koil 2nd Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil South Mada Street: Rs 6,600 per sq.ft (2024)
• Thulasinga Perumal Koil Street: Rs 7,700 per sq.ft (2024)
• Thoppu Venkatachalam Street: Rs 6,600 per sq.ft (2024)
• Thypoon Ali Khan Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasinga Perumal Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that 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 Thulasinga Perumal Koil 1st Lane?

The Sub Registrar Office that covers Thulasinga Perumal Koil 1st Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thulasinga Perumal Koil 1st Lane?

The current guideline value of Thulasinga Perumal Koil 1st Lane is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 233% over the years.

What is the land classification for Thulasinga Perumal Koil 1st Lane?

Thulasinga Perumal Koil 1st Lane is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thulasinga Perumal Koil 1st Lane is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 55,00,000, the total fees would include a stamp duty of Rs 3,85,000 and a registration fee of Rs 1,10,000.