Guideline Value

Corporate

Guideline Value for Lenin Nagar 4th Cross Street

₹2400/sq.ft.

The guideline value for Lenin Nagar 4th 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 4th Cross Street

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Lenin Nagar 4th Cross Street guideline value

The current guideline value of Lenin Nagar 4th Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Lenin Nagar 4th Cross Street has changed

The guideline value for Lenin Nagar 4th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The value then increased to Rs 2,200 per sq.ft in 2023, and the most recent revision in 2024 saw it rise to Rs 2,400 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The guideline value then rose by 9% from 2023 to 2024, resulting in the current value of Rs 2,400 per sq.ft.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Lenin Nagar 4th Cross Street.

Stamp duty and registration fee for property in Lenin Nagar 4th 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, 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 information.

Which Sub Registrar Office covers Lenin Nagar 4th Cross Street?

The Sub Registrar Office that covers Lenin Nagar 4th 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 additional assistance.

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

The guideline value is a critical factor in property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must be aware of the current guideline value to ensure they are complying with local regulations during the registration process.

When a property is registered, the guideline value serves as a benchmark for calculating the necessary fees. It is essential for both parties to understand that the duty is charged based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Lenin Nagar 4th Cross Street?

The current guideline value of Lenin Nagar 4th 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 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Lenin Nagar 4th Cross Street?

The land classification for Lenin Nagar 4th Cross Street is Residential Class I Type - I.

What is the registration office for Lenin Nagar 4th Cross Street?

The registration office for Lenin Nagar 4th 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, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,68,000.