Guideline Value for Ambal Nagar Mullai Street (South)

Ambal Nagar Mullai Street (South) guideline value

The current guideline value of Ambal Nagar Mullai Street (South) is Rs 3,960 per sq.ft. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ambal Nagar Mullai Street (South) has changed

The guideline value for Ambal Nagar Mullai Street (South) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 3,600 per sq.ft. This figure decreased to Rs 2,412 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,600 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is equal to the guideline value of Ambal Nagar Mullai Street (South) for 2024.

• Ambal Nagar Mullai Street (North): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Malligai Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Roja Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Soorya Gandhi Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thamarai Street (East): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thamarai Street - Lane: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar Mullai Street (South)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, making the total cost for these fees Rs 3,56,400. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambal Nagar Mullai Street (South)?

The Sub Registrar Office that covers Ambal Nagar Mullai Street (South) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Porur. It determines the minimum value at which properties must be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point. The buyer must pay stamp duty on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Ambal Nagar Mullai Street (South)?

The current guideline value of Ambal Nagar Mullai Street (South) is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then back to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What is the land classification for Ambal Nagar Mullai Street (South)?

Ambal Nagar Mullai Street (South) is classified as Residential Special Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Ambal Nagar Mullai Street (South) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 2,77,200 at 7%.