Guideline Value

Corporate

Guideline Value for Lenin Nagar 2nd Main Road

₹2400/sq.ft.

The guideline value for Lenin Nagar 2nd Main Road 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 2nd Main Road

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Lenin Nagar 2nd Main Road guideline value

The current guideline value of Lenin Nagar 2nd Main Road 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 Lenin Nagar 2nd Main Road has changed

The guideline value for Lenin Nagar 2nd Main Road has undergone several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft as of the 2024 revision.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 9%. The register has no figures for the years 2002, 2003, and 2007 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 for the village is Rs 2,400 per sq.ft, which is equal to the current guideline value of Lenin Nagar 2nd Main Road.

Stamp duty and registration fee for property in Lenin Nagar 2nd Main Road

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 be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost 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 Lenin Nagar 2nd Main Road?

The Sub Registrar Office that covers Lenin Nagar 2nd Main Road 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 is a crucial factor in the registration process for property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the transaction is in line with the prevailing market conditions. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Lenin Nagar 2nd Main Road?

The current guideline value of Lenin Nagar 2nd Main Road 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 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and is now Rs 2,400 per sq.ft in 2024.

What is the land classification for Lenin Nagar 2nd Main Road?

Lenin Nagar 2nd Main Road is classified as Residential Class I Type - I.

What are the other streets with the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,400 per sq.ft include Lenin Nagar 2nd Cross Street, Lenin Nagar 3rd Cross Street, Lenin Nagar 23rd Cross Street, Lenin Nagar 3rd Main Road, Lenin Nagar 22nd Cross Street, and Lenin Nagar 4th Cross Street.

Where is the Ambattur Sub Registrar Office located?

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