Guideline Value for Cholampedu Bharathi 4th st.

Cholampedu Bharathi 4th st. guideline value

The current guideline value of Cholampedu Bharathi 4th St. is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Cholampedu Bharathi 4th st. has changed

The guideline value for Cholampedu Bharathi 4th St. has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 1000% increase. However, in the 2017 revision, the value decreased to Rs 1,474 per sq.ft, a decline of 33%. The most recent revision in 2024 has set the value at Rs 2,400 per sq.ft, reflecting a 63% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1100%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO carrying 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. Cholampedu Bharathi 4th St.'s 2024 figure aligns with this median.

• Cholampedu Bharathi 1st St.: Rs 2,400 per sq.ft (2024)
• Cholampedu Bharathi 2nd St.: Rs 2,400 per sq.ft (2024)
• Cholampedu Bharathi 3rd St.: Rs 2,400 per sq.ft (2024)
• Cholampedu Bharathi 5th St.: Rs 2,400 per sq.ft (2024)
• Cholampedu Road: Rs 2,700 per sq.ft (2024)
• Cholan Nagan Vinayagar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholampedu Bharathi 4th st.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cholampedu Bharathi 4th st.?

The Cholampedu Bharathi 4th St. falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. 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 in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cholampedu Bharathi 4th St.?

The current guideline value of Cholampedu Bharathi 4th St. is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, representing an overall increase of 1100% over the years.

What is the land classification for Cholampedu Bharathi 4th St.?

The land classification for Cholampedu Bharathi 4th St. is Residential Class I Type - I.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.