Guideline Value for Chekizhar Street(senthil nagar)

Chekizhar Street(senthil nagar) guideline value

The current guideline value of Chekizhar 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 Chekizhar Street(senthil nagar) has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This figure saw a significant increase in the 2012 revision, which maintained the value at Rs 2,500 per sq.ft. The next revision in 2023 also kept the value at Rs 2,500 per sq.ft, showing no change from 2012. The most recent revision in 2024 raised the guideline value to Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%. It is important to note that there are no figures for Chekizhar Street(senthil nagar) in the revisions for 2002, 2003, and 2017.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Chekizhar Street(senthil nagar) has a guideline value above this median.

• Chellammal Nagar: Rs 1,600 per sq.ft (2024)
• Chenkuttuvan Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Challavel Nagar: Rs 1,600 per sq.ft (2024)
• Chinnamman Street (60 Feet Road): Rs 2,400 per sq.ft (2024)
• Car shed Complex Road: Rs 2,400 per sq.ft (2024)
• Cholambedu Kalaizhar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chekizhar Street(senthil nagar)

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, making the total Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chekizhar Street(senthil nagar)?

The Sub Registrar Office that covers Chekizhar 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 plays a crucial role during the registration of properties in Thirumullaivoyal. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling a property, the guideline value is used to determine the official value of the transaction. This value is critical as it affects the total costs involved in the registration process, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Chekizhar Street(senthil nagar)?

The current guideline value of Chekizhar 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 increased from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 350% over the years.

What is the land classification for Chekizhar Street(senthil nagar)?

Chekizhar Street(senthil nagar) is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in Chekizhar Street(senthil nagar)?

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