Guideline Value for Thulasinga Perumal Koil Lane

Thulasinga Perumal Koil Lane guideline value

The current guideline value of Thulasinga Perumal Koil 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 Lane has changed

The guideline value for Thulasinga Perumal Koil Lane has seen several revisions over the years. In 2002, the guideline value was Rs 674 per sq.ft, which increased to Rs 1,286 per sq.ft in 2003, marking a 91% rise. The value continued to increase, reaching Rs 1,650 per sq.ft in 2007, a growth of 28%. By 2012, the value rose significantly to Rs 5,000 per sq.ft, reflecting a 203% increase from the previous revision. However, it then dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value increased to Rs 5,000 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, which is a 10% increase from the previous year. There are no figures available for other years for this street in the register.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Thulasinga Perumal Koil Lane's 2024 figure below that median.

• Thulasinga Perumal Koil 2nd Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil South Mada Street: Rs 6,600 per sq.ft (2024)
• Thulasinga Perumal Koil 1st Lane: Rs 5,500 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 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 be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total fees together 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 Lane?

The Sub Registrar Office that covers Thulasinga Perumal Koil 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 is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Thulasinga Perumal Koil 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 significantly from Rs 674 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 716% over the years.

What is the land classification for Thulasinga Perumal Koil Lane?

Thulasinga Perumal Koil Lane is classified as Residential Class II Type - I according to the local land classification.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot would incur total fees of Rs 4,95,000.

Which office handles property registrations for this lane?

The Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014, is responsible for property registrations in Thulasinga Perumal Koil Lane.