Guideline Value for Cholan Nagar Anna Street

Cholan Nagar Anna Street guideline value

The current guideline value of Cholan Nagar Anna Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Cholan Nagar Anna Street has changed

The guideline value for Cholan Nagar Anna Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2024, the value increased significantly to Rs 1,600 per sq.ft, reflecting a change of +59% over this period. Overall, from 2012 to 2024, the guideline value has increased by +7%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street. The changes between the revisions highlight the fluctuations in guideline values over time, with the most recent value being the highest recorded for this street.

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, making the current guideline value of Cholan Nagar Anna Street below this median.

• Cholan Nagar Adiyapatham Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Bharathi Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Darga Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Indra Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Kamaraj Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Karikalan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Cholan Nagar Anna Street?

The Sub Registrar Office that covers Cholan Nagar Anna Street is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value plays a crucial role in property transactions in Thirumullaivoyal. It is the minimum value set by the government for property registration, ensuring that the property is not sold below this value. When a buyer purchases a property, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures transparency and fairness in property transactions. It helps in determining the appropriate taxes and fees that need to be paid, making it an essential aspect of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Cholan Nagar Anna Street?

The current guideline value of Cholan Nagar Anna Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. This reflects a +59% change from 2017 to 2024.

What is the land classification for Cholan Nagar Anna Street?

Cholan Nagar Anna Street is classified as Residential Class III Type - I, indicating its designation for residential purposes.

How does the guideline value compare to other streets in Thirumullaivoyal?

The guideline value of Cholan Nagar Anna Street is Rs 1,600 per sq.ft, which is below the median value of Rs 2,400 per sq.ft for streets in Thirumullaivoyal. Other streets in the area have the same guideline value as well.

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. You can find more details through the provided link.