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Guideline Value

Corporate

Guideline Value for Kennedy Street(sri Nagar colony)

₹2700/sq.ft.

The guideline value for Kennedy Street(sri Nagar Colony) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Kennedy Street(sri Nagar Colony)

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Kennedy Street(sri Nagar colony) guideline value

The current guideline value of Kennedy Street(sri Nagar colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Kennedy Street(sri Nagar colony) has changed

The guideline value for Kennedy Street(sri Nagar colony) has undergone several revisions since 2012. In 2012, the guideline value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. This marked a significant decline of 33%. However, from 2017 to the 2024 revision, the value increased by 61%, bringing the current rate to Rs 2,700 per sq.ft.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 8%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 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. The median value is Rs 2,400 per sq.ft, making the guideline value of Kennedy Street(sri Nagar colony) above this median.

Stamp duty and registration fee for property in Kennedy Street(sri Nagar colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that 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 Kennedy Street(sri Nagar colony)?

The Sub Registrar Office covering Kennedy Street(sri Nagar colony) 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 is a crucial factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the higher amount is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kennedy Street(sri Nagar colony)?

The current guideline value of Kennedy Street(sri Nagar colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. This reflects a decline from 2012 to 2017, followed by a significant increase from 2017 to 2024.

What are the other streets in Thirumullaivoyal with their guideline values?

Other streets in Thirumullaivoyal include Kings Garden at Rs 1,100 per sq.ft, Kavimani Street (J.B.Nagar) at Rs 2,400 per sq.ft, and several streets in K.K.Nagar at Rs 2,200 per sq.ft. These values are based on the 2024 revision.

What is the stamp duty rate for property transactions in Kennedy Street(sri Nagar colony)?

The stamp duty rate for property transactions in Kennedy Street(sri Nagar colony) is 7% of the guideline value or the sale price, whichever is higher. This is an important cost to consider when buying or selling property.

Where can I find the Sub Registrar Office for Kennedy Street(sri Nagar colony)?

The Sub Registrar Office for Kennedy Street(sri Nagar colony) 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 more details online.