Guideline Value for Cholapuram Shanthi Street

Cholapuram Shanthi Street guideline value

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

How the guideline value of Cholapuram Shanthi Street has changed

In the 2012 revision, the guideline value for Cholapuram Shanthi Street was Rs 2,200 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,400 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 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 village is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Cholapuram Shanthi Street.

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

Stamp duty and registration fee for property in Cholapuram Shanthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be 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, making the total amount Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cholapuram Shanthi Street?

The Cholapuram Shanthi 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 an essential factor in the registration process when buying or selling property in Thirumullaivoyal. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that transactions are recorded at a standard value.

When a property is sold, the guideline value serves as a benchmark for the sale price. Buyers and sellers must consider this value to understand the financial implications of their transaction, including the applicable fees and duties.

Frequently asked questions

What is the current guideline value of Cholapuram Shanthi Street?

The current guideline value of Cholapuram Shanthi 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 from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, marking a 9% increase. There was no change in the value from 2012 to 2023.

What is the land classification for Cholapuram Shanthi Street?

Cholapuram Shanthi Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty rates for properties in Cholapuram Shanthi Street?

The stamp duty rate for properties in Cholapuram Shanthi Street is 7%, while the registration fee is 2%. 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 Cholapuram Shanthi Street?

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