Guideline Value for Bhagath Singh 1st Street(Thiruvalluvar nagar)

Bhagath Singh 1st Street(Thiruvalluvar nagar) guideline value

The current guideline value of Bhagath Singh 1st Street(Thiruvalluvar nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class V Type - II.

How the guideline value of Bhagath Singh 1st Street(Thiruvalluvar nagar) has changed

Over the years, the guideline value for Bhagath Singh 1st Street(Thiruvalluvar nagar) has seen several revisions. The 2012 revision set the value at Rs 1,300 per sq.ft, which then decreased to Rs 871 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,300 per sq.ft in the 2023 revision and then to Rs 1,400 per sq.ft in the 2024 revision, reflecting an overall increase of 8% from 2012 to 2024.

The changes between the revisions are notable. From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The register does not contain figures for the years 2002, 2003, and 2007.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Bhagath Singh 1st Street(Thiruvalluvar nagar) has a guideline value below this median.

• Bhagavathi Ammal Koil St.: Rs 3,600 per sq.ft (2024)
• Bazzar Street: Rs 6,500 per sq.ft (2024)
• Bavani Nagar: Rs 2,500 per sq.ft (2024)
• Barathiyar Street: Rs 3,600 per sq.ft (2024)
• Bharathi street (Ramapuram): Rs 4,000 per sq.ft (2024)
• Bharathiyar Cross Street (Thrivalluar Nagar): Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bhagath Singh 1st Street(Thiruvalluvar nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost to Rs 1,26,000. It is important to note that 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 Bhagath Singh 1st Street(Thiruvalluvar nagar)?

The Sub Registrar Office that covers Bhagath Singh 1st Street(Thiruvalluvar 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 Ambattur

The guideline value is a critical factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bhagath Singh 1st Street(Thiruvalluvar nagar)?

The current guideline value of Bhagath Singh 1st Street(Thiruvalluvar nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification for Bhagath Singh 1st Street(Thiruvalluvar nagar)?

The land classification for Bhagath Singh 1st Street(Thiruvalluvar nagar) is Residential Class V Type - II.

What is the stamp duty rate for properties in Ambattur?

The stamp duty rate for properties in Ambattur is 7%, which is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Sub Registrar Office for Bhagath Singh 1st Street(Thiruvalluvar nagar)?

The Sub Registrar Office for Bhagath Singh 1st Street(Thiruvalluvar nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.