Guideline Value for Cholan Nagar Karikalan Street

Cholan Nagar Karikalan Street guideline value

The current guideline value of Cholan Nagar Karikalan 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 Karikalan Street has changed

The guideline value for Cholan Nagar Karikalan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to the 2024 revision, the value increased significantly by 59%, bringing the current guideline value to Rs 1,600 per sq.ft.

There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. Overall, when comparing the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 7%.

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, with a median value of Rs 2,400 per sq.ft. The guideline value of Cholan Nagar Karikalan Street is below this median.

• Cholan Nagar Kamaraj Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Mariyamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Indra Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Pillayarkoil Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Darga Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Thiru-ve-ka Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar Karikalan 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 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 details.

Which Sub Registrar Office covers Cholan Nagar Karikalan Street?

The Sub Registrar Office that covers Cholan Nagar Karikalan Street is 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 when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

During the registration process, the guideline value is used to calculate applicable stamp duties and registration fees. Buyers and sellers should be aware that these fees are based on the higher of the guideline value or the sale price, which ensures that all transactions are fairly assessed.

Frequently asked questions

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

The current guideline value of Cholan Nagar Karikalan 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. There are no figures available for the years 2023, 2007, 2003, and 2002.

What is the classification of Cholan Nagar Karikalan Street?

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

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,00,000. The stamp duty is calculated at 7%, amounting to Rs 1,12,000, and the registration fee at 2% amounts to Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for Cholan Nagar Karikalan Street?

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