Guideline Value for Cholampedu Bharathi 5th St.

Cholampedu Bharathi 5th St. guideline value

The current guideline value for Cholampedu Bharathi 5th St. is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Cholampedu Bharathi 5th St. has changed

The guideline value for Cholampedu Bharathi 5th St. has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 200 per sq.ft. This 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 drop of 33%. The most recent 2024 revision has set the guideline value at Rs 2,400 per sq.ft, reflecting a 63% increase from 2017.

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

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. The median value for these streets is Rs 2,400 per sq.ft, which is the same as the guideline value for Cholampedu Bharathi 5th St.

• Cholampedu Bharathi 4th St.: Rs 2,400 per sq.ft (2024)
• Cholampedu Road: Rs 2,700 per sq.ft (2024)
• Cholampedu Bharathi 3rd St.: Rs 2,400 per sq.ft (2024)
• Cholan Nagan Vinayagar Street: Rs 1,600 per sq.ft (2024)
• Cholampedu Bharathi 2nd St.: Rs 2,400 per sq.ft (2024)
• Cholan Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholampedu Bharathi 5th St.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, resulting in a total of Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cholampedu Bharathi 5th St.?

The Cholampedu Bharathi 5th St. falls under 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 in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value for Cholampedu Bharathi 5th St.?

The current guideline value for Cholampedu Bharathi 5th 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 significantly from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1100%.

What is the land classification for Cholampedu Bharathi 5th St.?

Cholampedu Bharathi 5th St. is classified as Residential Class I Type - I.

What are the other streets with the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,400 per sq.ft include Cholampedu Bharathi 4th St., Cholampedu Bharathi 3rd St., and Cholampedu Bharathi 2nd St.

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 registration zone.