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Guideline Value

Corporate

Guideline Value for Gnana Olipuram 1st Street

₹2400/sq.ft.

The guideline value for Gnana Olipuram 1st Street in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gnana Olipuram 1st Street

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Gnana Olipuram 1st Street guideline value

The current guideline value of Gnana Olipuram 1st 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 Gnana Olipuram 1st Street has changed

The guideline value for Gnana Olipuram 1st Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,200 per sq.ft by 2012, marking a 450% rise. However, this value then decreased by 33% to Rs 1,474 per sq.ft in 2017. The value rose again to Rs 2,200 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the overall change from 2007 to 2024 shows a substantial rise of 500%. It is worth noting that there are no figures available for the years 2002 and 2003 in the register for this street.

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, with a median value of Rs 2,400 per sq.ft. The guideline value of Rs 2,400 per sq.ft for Gnana Olipuram 1st Street matches this median.

Stamp duty and registration fee for property in Gnana Olipuram 1st 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 fees together 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gnana Olipuram 1st Street?

The Sub Registrar Office that covers Gnana Olipuram 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value plays a crucial role in property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees payable during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered to set the minimum value for registration purposes. This means that the stamp duty and registration fees will be calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Gnana Olipuram 1st Street?

The current guideline value of Gnana Olipuram 1st 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 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 500% overall from 2007 to 2024.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which is the same as the current value for Gnana Olipuram 1st Street.

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

The Sub Registrar Office for Gnana Olipuram 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000.