Guideline Value for Thulasingam Lane

Thulasingam Lane guideline value

The current guideline value of Thulasingam Lane in Muthiyalpet village is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Sowcarpet Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Thulasingam Lane has changed

The guideline value for Thulasingam Lane has seen several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft. This figure dropped to Rs 2,680 per sq.ft in 2017, marking a decrease of 33%. However, the value rebounded to Rs 4,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Muthiyalpet

Muthiyalpet village has a total of 357 streets under the Sowcarpet SRO, with guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, which is equal to the current value of Thulasingam Lane.

• Thulasingam Street: Rs 4,400 per sq.ft (2024)
• Thiyagarapillai Lane: Rs 4,900 per sq.ft (2024)
• Thiruvengada Narayanan Street: Rs 4,900 per sq.ft (2024)
• Trivelan Basin South Street: Rs 6,000 per sq.ft (2024)
• Trivelan Basin Street: Rs 6,000 per sq.ft (2024)
• Thiruppalli Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasingam Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 precise calculations.

Which Sub Registrar Office covers Thulasingam Lane?

The Thulasingam Lane falls under the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thulasingam Lane?

The current guideline value of Thulasingam Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Thulasingam Lane?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Thulasingam Lane?

The Sowcarpet Sub Registrar Office covers Thulasingam Lane, located at No.11, Davidson Street, Sowcarpet, Chennai-01.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, which is the same as the current value for Thulasingam Lane.