Guideline Value for Mahaveer Street (Senthil Nagar)

Mahaveer Street (Senthil Nagar) guideline value

The current guideline value of Mahaveer Street (Senthil Nagar) is Rs 2,700 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 Special Type - II.

How the guideline value of Mahaveer Street (Senthil Nagar) has changed

The guideline value for Mahaveer Street (Senthil Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was an increase of 49%. The overall change from 2012 to 2024 shows an increase of 8%, reflecting the current guideline value of Rs 2,700 per sq.ft.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, positioning Mahaveer Street (Senthil Nagar) above this median value.

• Maheswari Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Mahatma Gandhi Street (Senthil Nagar): Rs 2,700 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 Mahaveer 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, and the registration fee at 2% would be Rs 54,000, bringing the total fees to 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 detailed calculations.

Which Sub Registrar Office covers Mahaveer Street (Senthil Nagar)?

The Sub Registrar Office covering Mahaveer 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 critical factor during the registration of property transactions in Thirumullaivoyal. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property being transacted. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mahaveer Street (Senthil Nagar)?

The current guideline value of Mahaveer 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Mahaveer Street (Senthil Nagar)?

The land classification for Mahaveer Street (Senthil Nagar) is Residential Special Type - II.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Where can I find the Sub Registrar Office for Mahaveer Street (Senthil Nagar)?

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