Guideline Value for Cholan Nagar Kamaraj Street

Cholan Nagar Kamaraj Street guideline value

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

How the guideline value of Cholan Nagar Kamaraj Street has changed

The guideline value for Cholan Nagar Kamaraj 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, marking a decline of 33%. However, the most recent revision in 2024 increased the value to Rs 1,600 per sq.ft, reflecting a significant rise of 59% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have 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. Cholan Nagar Kamaraj Street's 2024 guideline value is below this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cholan Nagar Kamaraj Street?

The Cholan Nagar Kamaraj Street 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 an essential factor during the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is officially documented and complies with local regulations. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

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

The current guideline value of Cholan Nagar Kamaraj 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. Overall, from 2012 to 2024, the value has increased by 7%.

What is the land classification for Cholan Nagar Kamaraj Street?

The land classification for Cholan Nagar Kamaraj Street is Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,600 per sq.ft would incur a total fee of Rs 1,44,000.

Which office handles registrations for Cholan Nagar Kamaraj Street?

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