Guideline Value for Thulasingam Street

Thulasingam Street guideline value

The current guideline value of Thulasingam Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Thulasingam Street has changed

The guideline value of Thulasingam Street has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this figure then dropped to Rs 1,340 per sq.ft in 2017. The value saw a substantial increase to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft following the 2024 revision. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a remarkable 122%. Overall, from 2007 to 2024, the guideline value has risen by 144%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Thulasingam Street's 2024 figure of Rs 2,200 per sq.ft is above this median.

• Throupathy Amman Koil Lane: Rs 1,300 per sq.ft (2024)
• T.H.Road (Chalra Hospital to Tolgate Bus Terminus): Rs 6,600 per sq.ft (2024)
• T.H. Road (Cemetry to Cholra Hospital): Rs 6,600 per sq.ft (2024)
• T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station): Rs 6,600 per sq.ft (2024)
• T.H.Road 1st Lane: Rs 3,300 per sq.ft (2024)
• Thoppai Vinayagar Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasingam Street?

The Sub Registrar Office that covers Thulasingam Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government 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 based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thulasingam Street?

The current guideline value of Thulasingam Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What is the land classification of Thulasingam Street?

Thulasingam Street is classified as Residential Class I Type - I.

Where is the Royapuram Sub Registrar Office located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Thulasingam Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.