Guideline Value for Thulasiram Nagar

Thulasiram Nagar guideline value

The current guideline value of Thulasiram Nagar, located in Satthankadu village under the Thiruvottiyur SRO, is Rs 3,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Thulasiram Nagar has changed

Over the years, the guideline value of Thulasiram Nagar has seen several revisions. The 2007 revision set the value at Rs 800 per sq.ft. In 2012, it increased to Rs 3,100 per sq.ft, but then decreased to Rs 2,077 per sq.ft in 2017. The 2023 revision raised it to Rs 3,100 per sq.ft, and the most recent 2024 revision has further increased it to Rs 3,400 per sq.ft. The register has no figure for this street in 2002 and 2003.

From the 2007 revision to the 2024 revision, the guideline value has increased by 325%. Notably, the increase from 2023 to 2024 is 10%, while the jump from 2017 to 2023 was 49%. The value saw a significant rise of 288% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is equal to the current guideline value of Thulasiram Nagar.

• T.H.Road: Rs 5,500 per sq.ft (2024)
• Udayasooriyan Link Road: Rs 3,400 per sq.ft (2024)
• Udayasooriyan Street: Rs 3,400 per sq.ft (2024)
• Upparapalayam Streets: Rs 3,400 per sq.ft (2024)
• Thirupurasundarai Nagar(Corner Plots): Rs 3,800 per sq.ft (2024)
• Thirupurasundarai Nagar: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasiram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total cost to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more accurate calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasiram Nagar?

The Sub Registrar Office that covers Thulasiram Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Satthankadu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the buyer and seller must consider the guideline value to assess the applicable fees. This ensures transparency in property transactions and helps in maintaining accurate records within the registration department.

Frequently asked questions

What is the current guideline value of Thulasiram Nagar?

The current guideline value of Thulasiram Nagar is Rs 3,400 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 800 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 325% over the years.

What are the other streets in Satthankadu with their guideline values?

Other streets in Satthankadu include T.H.Road at Rs 5,500 per sq.ft, Udayasooriyan Link Road at Rs 3,400 per sq.ft, and several others, with values ranging from Rs 2,200 to Rs 5,500 per sq.ft.

What are the stamp duty and registration fees for property in Thulasiram Nagar?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Where is the Sub Registrar Office for Thulasiram Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, and it handles registrations for Thulasiram Nagar.