Guideline Value for Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180)

Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180) guideline value

The current guideline value of Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180) is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180) has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then decreased to Rs 603 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the value to Rs 990 per sq.ft, marking a significant increase of 64% from 2017 to 2024. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for this street. Thus, the only revisions that are accounted for are from 2012, 2017, and 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Ettiyamman Nagar AIR Back Side is below this median.

• Ettiyamman Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar Extn AIR Back Side (S.No.208, 869, 177, 180): Rs 990 per sq.ft (2024)
• Ettiyamman Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar (Kamarajar Cross Street): Rs 2,200 per sq.ft (2024)
• Ettiyamman Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180)?

The Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180) falls under the jurisdiction of the Ambattur Sub Registrar Office. The address is Ambattur Sub Registrar Office, 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 minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must be aware of the guideline value as it influences the overall transaction costs. This value is particularly important for legal documentation and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Ettiyamman Nagar AIR Back Side?

The current guideline value for Ettiyamman Nagar AIR Back Side (S.No.208, 869, 177, 180) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, and then increased to Rs 990 per sq.ft in 2024. This reflects a 64% increase from 2017 to 2024.

What is the land classification for this area?

The land classification for Ettiyamman Nagar AIR Back Side is Residential Class V Type - I. This classification indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office that covers Ettiyamman Nagar AIR Back Side is the Ambattur Sub Registrar Office, located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,90,000, the stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800.