Guideline Value for Cholapuram Ibrahim Street

Cholapuram Ibrahim Street guideline value

The current guideline value of Cholapuram Ibrahim Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Cholapuram Ibrahim Street has changed

The guideline value for Cholapuram Ibrahim Street has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in 2012, marking a significant rise of 1000%. However, it then decreased to Rs 1,474 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 2,200 per sq.ft in 2023, and further increased by 9% to the current Rs 2,400 per sq.ft in 2024.

There are no figures available for Cholapuram Ibrahim Street in the 2002 and 2003 revisions. From the 2017 revision to the 2023 revision, the value increased by 49%, showing a substantial growth in this period. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1100%.

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 is Rs 2,400 per sq.ft, which is equal to the current value of Cholapuram Ibrahim Street.

• Cholapuram Gangaiamman Koil St.: Rs 2,400 per sq.ft (2024)
• Cholapuram lakshmi Street: Rs 2,400 per sq.ft (2024)
• Cholapuram Natesan Street: Rs 2,400 per sq.ft (2024)
• Cholapuram New Street: Rs 2,400 per sq.ft (2024)
• Cholapuram Saraswathi Street: Rs 2,400 per sq.ft (2024)
• Cholapuram Shanthi Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Cholapuram Ibrahim Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Cholapuram Ibrahim Street?

The Cholapuram Ibrahim Street is covered by 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 critical factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is documented accurately and in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Cholapuram Ibrahim Street?

The current guideline value of Cholapuram Ibrahim Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1100% over this period.

What is the stamp duty rate for property in Cholapuram Ibrahim Street?

The stamp duty rate for property transactions in Cholapuram Ibrahim Street is 7% of the guideline value or sale price, whichever is higher.

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.

What do I need to consider when buying property in Thirumullaivoyal?

When buying property in Thirumullaivoyal, it is essential to consider the guideline value, as it affects the stamp duty and registration fees. Additionally, ensure that you are aware of the local regulations and the specific details of the property transaction.