Guideline Value for Asath Street (Senthil Nagar)

Asath Street (Senthil Nagar) guideline value

The current guideline value of Asath 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, classified as Residential Special Type - II.

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

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the 2024 revision saw a significant increase, bringing the value back up to Rs 2,700 per sq.ft, which is a rise of 61% from 2017.

Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for Asath Street (Senthil Nagar).

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, placing Asath Street (Senthil Nagar) above this median at Rs 2,700 per sq.ft.

• Aruna Nagar: Rs 990 per sq.ft (2024)
• Asian Nagar (Old Vijaya Nagar)(Asini nagar): Rs 2,400 per sq.ft (2024)
• Arjun Nagar: Rs 2,700 per sq.ft (2024)
• Arjuna Nagar Extn: Rs 2,700 per sq.ft (2024)
• Aswini Nagar: Rs 1,100 per sq.ft (2024)
• Athechoodi Street: Rs 1,900 per sq.ft (2024)

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

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

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

The Sub Registrar Office that covers Asath 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 figure used during the registration of property transactions in Thirumullaivoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in property transactions and helps avoid undervaluation.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen changes, decreasing from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increasing to Rs 2,700 per sq.ft in 2024.

What is the land classification for Asath Street (Senthil Nagar)?

Asath Street (Senthil Nagar) is classified as Residential Special Type - II under the guideline value register.

Where can I find the registration office for Asath Street (Senthil Nagar)?

The registration office for Asath Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty for properties in Thirumullaivoyal is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.