Guideline Value for VAIBHAVS THULLIA

Vaibhavs Thullia guideline value

The current guideline value of Vaibhavs Thullia is Rs 2,190 per sq.ft, effective from 1 July 2024. This area is located in Arasankalani village and falls under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Vaibhavs Thullia has changed

The guideline value for Vaibhavs Thullia has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and finally, the current value is Rs 2,190 per sq.ft as per the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Arasankalani

In Arasankalani village, there are 85 streets under the Selaiyur SRO with a guideline value range from Rs 1,300 to Rs 4,750 per sq.ft. The median value for these streets is Rs 2,100 per sq.ft, placing Vaibhavs Thullia's 2024 guideline value above that median.

• Vasanthapuram: Rs 2,100 per sq.ft (2024)
• Vasanthapuram Extentsion: Rs 2,100 per sq.ft (2024)
• Vedanthagal Street: Rs 1,900 per sq.ft (2024)
• Vedanthangal Nagar: Rs 1,900 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,300 per sq.ft (2024)
• Thillaiyadi Valliammai Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vaibhavs Thullia

For a 1,000 sq.ft plot at the current guideline value of Rs 2,190 per sq.ft, the total guideline value amounts to Rs 21,90,000. The stamp duty at 7% would be Rs 1,53,300, and the registration fee at 2% would be Rs 43,800, bringing the total cost for these fees to Rs 1,97,100. 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 Vaibhavs Thullia?

The Sub Registrar Office that covers Vaibhavs Thullia is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Arasankalani. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions based on various factors.

When registering a property, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vaibhavs Thullia?

The current guideline value of Vaibhavs Thullia is Rs 2,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and is currently Rs 2,190 per sq.ft as of 2024.

What are the stamp duty and registration fees for Vaibhavs Thullia?

For a property valued at Rs 21,90,000, the stamp duty would be Rs 1,53,300 and the registration fee would be Rs 43,800, totaling Rs 1,97,100.

Which office handles registrations for Vaibhavs Thullia?

The Selaiyur Sub Registrar Office handles registrations for Vaibhavs Thullia, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the guideline value determined?

The guideline value is determined by the government and is subject to periodic revisions based on various factors. It is used to calculate the stamp duty and registration fees during property transactions.