Guideline Value for Cholan Nagar Thiru-ve-ka Street

Cholan Nagar Thiru-ve-ka Street guideline value

The current guideline value for Cholan Nagar Thiru-ve-ka 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 Thiru-ve-ka 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, the most recent 2024 revision saw a significant increase to Rs 1,600 per sq.ft, which is a 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 for this street in the register.

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. Cholan Nagar Thiru-ve-ka Street's 2024 guideline value is below this median.

• Cholan Nagar Pillayarkoil Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Mariyamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Vanjinathan Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Karikalan Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Vevakanada Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Kamaraj Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar Thiru-ve-ka 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 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Cholan Nagar Thiru-ve-ka Street?

The Sub Registrar Office that covers Cholan Nagar Thiru-ve-ka 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 details.

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 a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential for buyers to be aware of this value to ensure they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Cholan Nagar Thiru-ve-ka Street?

The current guideline value for Cholan Nagar Thiru-ve-ka 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 2002, 2003, 2007, and 2023 for this street.

What is the land classification of Cholan Nagar Thiru-ve-ka Street?

Cholan Nagar Thiru-ve-ka Street is classified as Residential Class III Type - I. This classification indicates the type of development permissible in the area.

What are the other streets with the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal that share the same guideline value of Rs 1,600 per sq.ft include Cholan Nagar Pillayarkoil Street, Cholan Nagar Mariyamman Kovil Street, Cholan Nagar Vanjinathan Street, Cholan Nagar Karikalan Street, Cholan Nagar Vevakanada Street, and Cholan Nagar Kamaraj Street.

Where can I find the Sub Registrar Office for Cholan Nagar Thiru-ve-ka Street?

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