Guideline Value for Lenin Nagar 8th Cross Street

Lenin Nagar 8th Cross Street guideline value

The current guideline value of Lenin Nagar 8th 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 8th Cross Street has changed

The guideline value for Lenin Nagar 8th Cross Street has seen a change from Rs 2,200 per sq.ft in the 2012 revision to Rs 2,400 per sq.ft in the 2024 revision, representing an increase of 9%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In the 2012 revision, the value was set at Rs 2,200 per sq.ft. Since then, it has increased to Rs 2,400 per sq.ft in 2024. This increase reflects the current guideline value, which is now aligned with the median value of Rs 2,400 per sq.ft for the 975 streets in Thirumullaivoyal under the Ambattur SRO.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal village, the guideline values range from Rs 880 to Rs 5,500 per sq.ft, with the median value being Rs 2,400 per sq.ft. Lenin Nagar 8th Cross Street's 2024 figure matches this median value.

• Lenin Nagar 7th Cross Street: Rs 2,400 per sq.ft (2024)
• Lenin Nagar 9th Cross Street: Rs 2,400 per sq.ft (2024)
• Lenin Nagar 6th Cross Street: Rs 2,400 per sq.ft (2024)
• Lenin Nagar Kamatchi St.: Rs 2,400 per sq.ft (2024)
• Lenin Nagar 5th Cross Street: Rs 2,400 per sq.ft (2024)
• Lenin Nagar 4th Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Lenin Nagar 8th 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 be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost for these charges to Rs 2,16,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lenin Nagar 8th Cross Street?

The Sub Registrar Office that covers Lenin Nagar 8th 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

When buying or selling property in Thirumullaivoyal, the guideline value is used as a basis for calculating stamp duty and registration fees. This value is crucial during the registration process, as it helps determine the official valuation of the property.

The guideline value ensures that the property is registered at a fair value, reflecting the current market conditions as assessed by the Registration Department. It is important for buyers and sellers to be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Lenin Nagar 8th Cross Street?

The current guideline value of Lenin Nagar 8th 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 changed from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Lenin Nagar 8th Cross Street?

Lenin Nagar 8th Cross Street is classified as Residential Class I Type - I. This classification is important for understanding the intended use of the land.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total charges amount to Rs 2,16,000.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office covering Lenin Nagar 8th Cross Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.