Guideline Value for Ambedkar Street (Senthil Nagar)

Ambedkar Street (Senthil Nagar) guideline value

The current guideline value of Ambedkar Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Ambedkar Street (Senthil Nagar) has changed

The guideline value for Ambedkar Street (Senthil Nagar) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, a significant increase from the 2017 revision, which was Rs 1,675 per sq.ft. This change represents an increase of 61% from 2017 to 2024. In contrast, the 2012 revision recorded a value of Rs 2,500 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%.

It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. The 2012 and 2017 revisions provided the only registered figures, with the most recent being in 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal village, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, positioning the 2024 guideline value of Ambedkar Street (Senthil Nagar) above this median.

• Ambedkar Road 2nd Street: Rs 1,500 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3): Rs 1,900 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar): Rs 3,801 per sq.ft (2024)
• Amman Avenue: Rs 1,500 per sq.ft (2024)
• Amman Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the guideline value totals Rs 27,00,000. The stamp duty at 7% amounts to Rs 1,89,000, and the registration fee at 2% is Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ambedkar Street (Senthil Nagar)?

The Sub Registrar Office that covers Ambedkar Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirumullaivoyal. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the transaction.

When a property is bought or sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, facilitating a smoother process.

Frequently asked questions

What is the current guideline value of Ambedkar Street (Senthil Nagar)?

The current guideline value of Ambedkar Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and now to Rs 2,700 per sq.ft in 2024. This reflects a 61% increase from 2017 to 2024.

What is the median guideline value in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, making Ambedkar Street (Senthil Nagar) above this median with its current value of Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000. Fees are charged based on the higher of the guideline value or the sale price.

Which office handles registrations for Ambedkar Street (Senthil Nagar)?

The Ambattur Sub Registrar Office handles registrations for Ambedkar Street (Senthil Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.