Guideline Value for Cholan Nagar Vanjinathan Street

Cholan Nagar Vanjinathan Street guideline value

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

The guideline value for Cholan Nagar Vanjinathan Street has undergone several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street in that year. The next revision was in 2003, followed by 2007, which also has no figure for this street. In 2012, the guideline value was set at Rs 1,500 per sq.ft. The most recent revision in 2024 increased the value to Rs 1,600 per sq.ft, reflecting a change of +7% from the 2012 figure.

There are no figures available for the revisions in 2017 and 2023 for this street. Thus, the only figures available are from 2012 and 2024.

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 value in this area is Rs 2,400 per sq.ft, placing Cholan Nagar Vanjinathan Street's 2024 figure below that median.

• Cholan Nagar Vevakanada Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar Thiru-ve-ka Street: Rs 1,600 per sq.ft (2024)
• Cholan Nagar V.O.C. Street: Rs 1,600 per sq.ft (2024)
• 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 Karikalan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar Vanjinathan 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, while the registration fee at 2% would be Rs 32,000, leading to a total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Cholan Nagar Vanjinathan Street?

The Sub Registrar Office that covers Cholan Nagar Vanjinathan 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 additional information.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value is a critical factor during property registration in Thirumullaivoyal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for all property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is compared with the sale price. The stamp duty is charged on whichever amount is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Cholan Nagar Vanjinathan Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

What was the guideline value in 2012?

The guideline value for Cholan Nagar Vanjinathan Street in 2012 was Rs 1,500 per sq.ft.

Are there any revisions without figures for this street?

Yes, the revisions for the years 2003, 2007, 2017, and 2023 have no figures available for Cholan Nagar Vanjinathan Street.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which is higher than the current value of Cholan Nagar Vanjinathan Street.

Where is the Ambattur Sub Registrar Office located?

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