Guideline Value for Angallamman 5th Street

Angallamman 5th Street guideline value

The current guideline value of Angallamman 5th Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Angallamman 5th Street has changed

The guideline value for Angallamman 5th Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012, marking a 450% rise. However, it then decreased to Rs 737 per sq.ft in 2017, reflecting a 33% drop. The subsequent revision in 2023 raised the value to Rs 1,100 per sq.ft, and the latest revision in 2024 has set it at Rs 1,200 per sq.ft, representing a 9% increase from the previous year.

It is important to note that there are no figures available for Angallamman 5th Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that Angallamman 5th Street's current value is below this median.

• Angallamman 4th Street: Rs 1,500 per sq.ft (2024)
• Angallamman Street: Rs 1,500 per sq.ft (2024)
• Anna 1st and Cross Street (S.No.263/2): Rs 2,400 per sq.ft (2024)
• Anna 2nd and Cross Street: Rs 2,400 per sq.ft (2024)
• Anna 3rd and Cross Street: Rs 2,400 per sq.ft (2024)
• Anna 4th and Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Angallamman 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost of duty and fees Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angallamman 5th Street?

The Sub Registrar Office that covers Angallamman 5th Street 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating these fees. Buyers should be aware that the fees will be based on the higher value between the guideline and the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Angallamman 5th Street?

The current guideline value of Angallamman 5th Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 200 per sq.ft to Rs 1,200 per sq.ft in 2024, marking an overall increase of 500%.

What is the median guideline value in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, which is above the current value of Angallamman 5th Street.

What are the stamp duty and registration fees for properties in Angallamman 5th Street?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles the registration for Angallamman 5th Street?

The Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, handles the registration for Angallamman 5th Street.