Guideline Value for Cholapuram Vaigai Street

Cholapuram Vaigai Street guideline value

The current guideline value of Cholapuram Vaigai 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 Vaigai Street has changed

In the 2012 revision, the guideline value was set at 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 change of +9% from the previous year. Overall, from 2012 to 2024, there has been a +9% change in the guideline value.

It is important to note that the register has no figures for Cholapuram Vaigai Street for the years 2002, 2003, 2007, and 2017. Therefore, the only relevant revisions for this street are from 2012, 2023, and 2024.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current value of Cholapuram Vaigai Street.

• Cholapuram Shanthi Street: Rs 2,400 per sq.ft (2024)
• Cholapuram Saraswathi Street: Rs 2,400 per sq.ft (2024)
• Cholapuram New 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 Vaigai 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 at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost for these fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cholapuram Vaigai Street?

The Cholapuram Vaigai Street falls under the jurisdiction of 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 plays a crucial role during the registration of property transactions in Thirumullaivoyal. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Cholapuram Vaigai Street?

The current guideline value of Cholapuram Vaigai 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 of Cholapuram Vaigai Street was Rs 2,200 per sq.ft in 2012 and remained the same in 2023. It increased to Rs 2,400 per sq.ft in 2024, marking a +9% change from the previous year and an overall +9% change from 2012 to 2024.

What are the other streets in Thirumullaivoyal with the same guideline value?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,400 per sq.ft in 2024 include Cholapuram Shanthi Street, Cholapuram Saraswathi Street, Cholapuram New Street, Cholapuram Natesan Street, Cholapuram Lakshmi Street, and Cholapuram Ibrahim Street.

What fees are associated with property transactions in Cholapuram Vaigai Street?

When conducting a property transaction in Cholapuram Vaigai Street, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cholapuram Vaigai Street?

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