Guideline Value for Thulasingapuram

Thulasingapuram guideline value

The current guideline value of Thulasingapuram, located in Nandhambakkam village under the Alandur SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Thulasingapuram has changed

The guideline value for Thulasingapuram has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,300 per sq.ft.

From 2017 to 2023, the value increased by 49%, while between 2023 and 2024, it saw a rise of 10%. The overall change from 2007 to 2024 is a substantial increase of 725%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandhambakkam

Nandhambakkam has a total of 76 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Thulasingapuram's 2024 figure below that median.

• Triumph Squre: Rs 3,900 per sq.ft (2024)
• Vasanthacolony: Rs 3,900 per sq.ft (2024)
• Vempuliyamman Koil Street: Rs 3,300 per sq.ft (2024)
• T C N S Gardens: Rs 5,000 per sq.ft (2024)
• Surgikal Colony: Rs 4,400 per sq.ft (2024)
• Sundar Nagar Main: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasingapuram

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 33,00,000. The stamp duty at 7% amounts to Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thulasingapuram?

The Sub Registrar Office that covers Thulasingapuram is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Nandhambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is considered to ensure that the transaction reflects the official value set by the Registration Department. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Thulasingapuram?

The current guideline value of Thulasingapuram is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, with several revisions in between, including a decrease and subsequent increases.

What is the stamp duty rate for properties in Thulasingapuram?

The stamp duty rate for properties in Thulasingapuram is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Thulasingapuram?

The Sub Registrar Office for Thulasingapuram is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that the official value is reflected in the registration process.