Guideline Value for Cholan Nagar Vevakanada Street

Cholan Nagar Vevakanada Street guideline value

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

How the guideline value of Cholan Nagar Vevakanada Street has changed

The guideline value for Cholan Nagar Vevakanada Street has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2017, and 2023. In the 2012 revision, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2024 revision, marking a change of +7% from 2012 to 2024.

With the 2024 revision, the guideline value has now reached Rs 1,600 per sq.ft. This value reflects the current market conditions and aligns with the residential classification of the area.

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. The median guideline value in this village is Rs 2,400 per sq.ft, indicating that Cholan Nagar Vevakanada Street's 2024 figure is below this median.

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

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cholan Nagar Vevakanada Street?

The Sub Registrar Office that covers Cholan Nagar Vevakanada Street is the Ambattur Sub Registrar Office. The address is 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 the registration process when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Cholan Nagar Vevakanada 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 1,600 per sq.ft in 2024, marking a +7% increase. There are no figures available for the years 2003, 2007, 2017, and 2023.

What is the land classification for Cholan Nagar Vevakanada Street?

The land classification for Cholan Nagar Vevakanada Street is Residential Class III Type - I. This classification is important for understanding the types of properties that can be developed in the area.

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

For a property valued at Rs 16,00,000, the stamp duty is Rs 1,12,000 and the registration fee is Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cholan Nagar Vevakanada Street?

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