Guideline Value for Mahatma Gandhi Street(senthil nagar)

Mahatma Gandhi Street(senthil nagar) guideline value

The current guideline value of Mahatma Gandhi Street(senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Mahatma Gandhi Street(senthil nagar) has changed

The guideline value for Mahatma Gandhi Street(senthil nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. Following this, the value rose sharply to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft from the 2024 revision. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

From 2017 to 2023, there was a substantial increase of 49%. The 2023 to 2024 revision reflects an 8% increase. The overall change from the 2007 revision to the 2024 revision shows a remarkable increase of 350% in the guideline value.

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 a median value of Rs 2,400 per sq.ft. Mahatma Gandhi Street(senthil nagar) has a guideline value above this median.

• Mahaveer Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Maheswari Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Mahalakshmi Street: Rs 1,500 per sq.ft (2024)
• Mahabharatham Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Manickam Nagar: Rs 1,400 per sq.ft (2024)
• Manickavasagar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Mahatma Gandhi Street(senthil nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Therefore, the total cost for stamp duty and registration fees would be Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Mahatma Gandhi Street(senthil nagar)?

The Sub Registrar Office that covers Mahatma Gandhi Street(senthil 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 is a crucial factor in property transactions in Thirumullaivoyal. It determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value helps ensure that the transaction is recorded accurately and transparently. It aids in maintaining a standard for property values in the area, providing a reference point for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Mahatma Gandhi Street(senthil nagar)?

The current guideline value of Mahatma Gandhi Street(senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What is the land classification for Mahatma Gandhi Street(senthil nagar)?

Mahatma Gandhi Street(senthil nagar) is classified as Residential Special Type - II.

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

The Sub Registrar Office for Mahatma Gandhi Street(senthil nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.