Guideline Value for Cholapuram Natesan Street

Cholapuram Natesan Street guideline value

The current guideline value of Cholapuram Natesan Street is Rs 2,400 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 I Type - I.

How the guideline value of Cholapuram Natesan Street has changed

Over the years, the guideline value of Cholapuram Natesan Street has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and further to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the 2012 and 2024 revisions, there has been a 9% increase in the guideline value.

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 in this area is Rs 2,400 per sq.ft, which aligns with the current guideline value of Cholapuram Natesan Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty, calculated at 7%, would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total to 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 Natesan Street?

The Cholapuram Natesan 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 crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Cholapuram Natesan Street?

The current guideline value of Cholapuram Natesan 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 changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Cholapuram Natesan Street?

The land classification for Cholapuram Natesan Street is Residential Class I Type - I.

Where can I find the registration office for Cholapuram Natesan Street?

The registration office covering Cholapuram Natesan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is stamp duty calculated for properties in Cholapuram Natesan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,68,000.