Guideline Value for Mahabharatham Street (Sri Sakthi Nagar)

Mahabharatham Street (Sri Sakthi Nagar) guideline value

The current guideline value of Mahabharatham Street (Sri Sakthi Nagar) 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 Mahabharatham Street (Sri Sakthi Nagar) has changed

The guideline value for Mahabharatham Street has seen several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft in 2024, reflecting a 9% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 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, with the median being Rs 2,400 per sq.ft. Mahabharatham Street's 2024 figure matches this median.

• Mahalakshmi Street: Rs 1,500 per sq.ft (2024)
• Mahatma Gandhi Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Mahaveer Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Maheswari Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Lokesh Nagar: Rs 1,100 per sq.ft (2024)
• Lenin Nagar V.B.C. Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mahabharatham Street (Sri Sakthi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to 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, totaling Rs 2,16,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Mahabharatham Street (Sri Sakthi Nagar)?

The Sub Registrar Office that covers Mahabharatham Street (Sri Sakthi Nagar) 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 plays a crucial role during the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Mahabharatham Street (Sri Sakthi Nagar)?

The current guideline value of Mahabharatham Street (Sri Sakthi Nagar) 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 in 2012 to Rs 1,474 in 2017, then to Rs 2,200 in 2023, and currently to Rs 2,400 in 2024. The overall change from 2012 to 2024 is an increase of 9%.

What is the land classification for Mahabharatham Street?

Mahabharatham Street is classified as Residential Class I Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Mahabharatham Street?

The Sub Registrar Office for Mahabharatham 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 Thirumullaivoyal?

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 at 7% would be Rs 1,68,000.