Guideline Value for Cholampedu Road

Cholampedu Road guideline value

The current guideline value of Cholampedu Road in Thirumullaivoyal village, under the Ambattur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Cholampedu Road has changed

The guideline value for Cholampedu Road has seen significant changes over the years. In 2002, the value was Rs 107 per sq.ft. This increased to Rs 150 per sq.ft in 2003, marking a 40% rise. By 2007, the value had surged to Rs 600 per sq.ft, reflecting a remarkable increase of 300%. The 2012 revision maintained the value at Rs 2,500 per sq.ft, with no change from the previous figure. In 2023, the value remained at Rs 2,500 per sq.ft, and in 2024, it was revised to Rs 2,700 per sq.ft, an increase of 8%.

Overall, from 2002 to 2024, the guideline value has increased by 2,423%. The register has no figure for Cholampedu Road in the 2017 revision.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with 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, placing Cholampedu Road's 2024 figure above that median.

• Cholampedu Bharathi 5th St.: Rs 2,400 per sq.ft (2024)
• Cholan Nagan Vinayagar Street: Rs 1,600 per sq.ft (2024)
• Cholampedu Bharathi 4th st.: Rs 2,400 per sq.ft (2024)
• Cholan Nagar: Rs 1,600 per sq.ft (2024)
• Cholampedu Bharathi 3rd St.: Rs 2,400 per sq.ft (2024)
• Cholampedu Bharathi 2nd St.: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Cholampedu Road

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, bringing the total to 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 more details.

Which Sub Registrar Office covers Cholampedu Road?

The Cholampedu Road is covered by 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 when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

At the time of registration, the guideline value is considered to ascertain the minimum value for the property. This ensures that all transactions are recorded accurately and that appropriate taxes are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of Cholampedu Road?

The current guideline value of Cholampedu Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly, from Rs 107 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 2,423%.

What are the stamp duty rates for properties on Cholampedu Road?

The stamp duty for properties on Cholampedu Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cholampedu Road?

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

What are the guideline values for other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal have varying guideline values, with rates ranging from Rs 880 to Rs 5,500 per sq.ft, while the median value is Rs 2,400 per sq.ft.