Guideline Value for Thulasinga Perumal Koil Street

Thulasinga Perumal Koil Street guideline value

The current guideline value of Thulasinga Perumal Koil Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II land.

How the guideline value of Thulasinga Perumal Koil Street has changed

Over the years, the guideline value of Thulasinga Perumal Koil Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 3,200 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, representing a 119% rise. However, it then decreased to Rs 4,690 per sq.ft in 2017, marking a decline of 33%. Following this, the value surged to Rs 7,000 per sq.ft in 2023, and then reached Rs 7,700 per sq.ft in 2024, which is a 10% increase from the previous year. There are no figures available for the years 2002 and 2003 in the register for this street.

In summary, from the 2007 revision to the current 2024 revision, the overall increase in the guideline value is 141%. The values have fluctuated over the years, with notable increases and decreases, ultimately leading to the current rate.

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 guideline value for these streets is Rs 6,600 per sq.ft, placing Thulasinga Perumal Koil Street above this median with its current value of Rs 7,700 per sq.ft.

• Thulasinga Perumal Koil South Mada Street: Rs 6,600 per sq.ft (2024)
• Thulasinga Perumal Koil Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil 2nd Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil 1st Lane: Rs 5,500 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total cost for these fees to Rs 6,93,000. It is important to note that the 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 Street?

The Sub Registrar Office that covers Thulasinga Perumal Koil Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor 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 government receives due revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers and sellers to be aware of these values to make informed decisions during the transaction process.

Frequently asked questions

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

The current guideline value of Thulasinga Perumal Koil Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, showing an overall increase of 141% over the years.

What is the stamp duty for property in Thulasinga Perumal Koil Street?

The stamp duty for property in Thulasinga Perumal Koil Street is 7% of the guideline value, which amounts to Rs 5,39,000 for a 1,000 sq.ft plot at the current rate.

Where can I find the Sub Registrar Office for Thulasinga Perumal Koil Street?

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

What is the land classification for Thulasinga Perumal Koil Street?

Thulasinga Perumal Koil Street is classified as Mixed Type - II land, as per the guidelines.