Guideline Value for Cholan Nagar Mariyamman Kovil Street

Cholan Nagar Mariyamman Kovil Street guideline value

The current guideline value for Cholan Nagar Mariyamman Kovil 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 Mariyamman Kovil Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 1,600 per sq.ft, reflecting a rise of 59%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 7%.

It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,400 per sq.ft, placing Cholan Nagar Mariyamman Kovil Street's 2024 figure below this median.

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

Stamp duty and registration fee for property in Cholan Nagar Mariyamman Kovil 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. Please 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 Mariyamman Kovil Street?

The Sub Registrar Office that covers Cholan Nagar Mariyamman Kovil 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 in property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Cholan Nagar Mariyamman Kovil Street?

The current guideline value for Cholan Nagar Mariyamman Kovil 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 guideline value has increased by 7%.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which means that the guideline value for Cholan Nagar Mariyamman Kovil Street is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. This is based on the current guideline value of Rs 1,600 per sq.ft.

Which office handles property registrations for Cholan Nagar Mariyamman Kovil Street?

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