Guideline Value for Cholan Nagar Bharathi Street

Cholan Nagar Bharathi Street guideline value

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

How the guideline value of Cholan Nagar Bharathi Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure saw a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, representing a rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO with a guideline value range from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Cholan Nagar Bharathi Street's 2024 value below this median.

• Cholan Nagar Anna Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Darga Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Adiyapatham 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 Bharathi 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 to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cholan Nagar Bharathi Street?

The Sub Registrar Office that covers Cholan Nagar Bharathi Street is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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 registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

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

The current guideline value of Cholan Nagar Bharathi 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 seen various changes, starting from Rs 1,500 per sq.ft in 2012, decreasing to Rs 1,005 per sq.ft in 2017, then rising to Rs 1,500 per sq.ft in 2023, and finally reaching Rs 1,600 per sq.ft in 2024.

What is the land classification of Cholan Nagar Bharathi Street?

Cholan Nagar Bharathi Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Cholan Nagar Bharathi Street?

The Sub Registrar Office for Cholan Nagar Bharathi Street is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Cholan Nagar Bharathi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property with a guideline value of Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at a rate of 7%.