Guideline Value

Corporate

Guideline Value for Lenin Nagar 10th Cross Street

₹2400/sq.ft.

The guideline value for Lenin Nagar 10th Cross 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 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 Lenin Nagar 10th Cross Street

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Lenin Nagar 10th Cross Street guideline value

The current guideline value of Lenin Nagar 10th Cross 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 Lenin Nagar 10th Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the guideline value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, and then to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a modest increase of 9%. The changes from the 2017 revision to the 2023 revision reflect a 49% increase, while the 2012 to 2017 revision saw a decrease of 33%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, which is equal to the current guideline value for Lenin Nagar 10th Cross Street.

Stamp duty and registration fee for property in Lenin Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lenin Nagar 10th Cross Street?

The Sub Registrar Office that covers Lenin Nagar 10th Cross 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 is an essential factor during the registration of property transactions in Thirumullaivoyal. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with the local regulations.

When buying or selling property, the guideline value serves as a benchmark for the minimum value of the property for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Lenin Nagar 10th Cross Street?

The current guideline value of Lenin Nagar 10th Cross 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 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. It also increased from Rs 1,474 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2023, which is a 49% increase.

What is the land classification for Lenin Nagar 10th Cross Street?

Lenin Nagar 10th Cross Street is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Lenin Nagar 10th Cross 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 is the stamp duty calculated for properties in this area?

The stamp duty is 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 at a rate of 7%.