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Guideline Value

Corporate

Guideline Value for Gnana Olipuram 2nd Street

₹2400/sq.ft.

The guideline value for Gnana Olipuram 2nd 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 2nd Street

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Gnana Olipuram 2nd Street guideline value

The current guideline value of Gnana Olipuram 2nd 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 Gnana Olipuram 2nd Street has changed

Over the years, the guideline value of Gnana Olipuram 2nd Street has seen several revisions. The 2007 revision recorded a guideline value of Rs 400 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in the 2012 revision. However, this value decreased by 33% to Rs 1,474 per sq.ft in the 2017 revision. The 2023 revision then saw a notable increase to Rs 2,200 per sq.ft, followed by a further rise of 9% to the current value of Rs 2,400 per sq.ft in 2024.

It is important to note that there are no recorded figures for Gnana Olipuram 2nd Street in the revisions of 2002 and 2003. The overall change from the 2007 revision to the 2024 revision is an increase of 500%.

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 is Rs 2,400 per sq.ft, which is equal to the current guideline value of Gnana Olipuram 2nd Street.

Stamp duty and registration fee for property in Gnana Olipuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the 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, totaling 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gnana Olipuram 2nd Street?

The Sub Registrar Office that covers Gnana Olipuram 2nd Street is 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 in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gnana Olipuram 2nd Street?

The current guideline value of Gnana Olipuram 2nd 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, marking an overall increase of 500%.

What is the stamp duty for property in Gnana Olipuram 2nd Street?

The stamp duty for property in Gnana Olipuram 2nd Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Gnana Olipuram 2nd Street located?

The Sub Registrar Office for Gnana Olipuram 2nd Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the guideline values for other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal have varying guideline values, with several streets, including Gnana Olipuram 1st Street and 3rd Street, all having a guideline value of Rs 2,400 per sq.ft in 2024.