Guideline Value for Angallamman Street

Angallamman Street guideline value

The current guideline value of Angallamman Street is Rs 1,500 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 III Type - II.

How the guideline value of Angallamman Street has changed

In the 2007 revision, the guideline value for Angallamman Street was Rs 200 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,400 per sq.ft, marking a 600% change. The register has no figures for the years 2002, 2003, 2017, and 2023.

From the 2012 revision to the 2024 revision, the guideline value increased by 7%, bringing it to the current rate of Rs 1,500 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 650%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with 2024 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, indicating that Angallamman Street's current figure is below this median.

• Angallamman 5th Street: Rs 1,200 per sq.ft (2024)
• Angallamman 4th 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty, charged at 7%, would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, these fees would total Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Angallamman Street?

The Sub Registrar Office that covers Angallamman 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 information.

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

The guideline value is a crucial factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to assess the appropriate duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are paid during the registration process.

Frequently asked questions

What is the current guideline value of Angallamman Street?

The current guideline value of Angallamman Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting a total increase of 650% over this period.

What are the other streets in Thirumullaivoyal with guideline values?

Other streets in Thirumullaivoyal include Angallamman 5th Street at Rs 1,200 per sq.ft, Angallamman 4th Street at Rs 1,500 per sq.ft, and several Anna Cross Streets at Rs 2,400 per sq.ft each.

What fees are associated with buying property on Angallamman Street?

When purchasing property on Angallamman Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Angallamman Street?

The Sub Registrar Office for Angallamman Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.