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Guideline Value

Corporate

Guideline Value for Moorthy Street (Ambedkar Nagar)

₹1100/sq.ft.

The guideline value for Moorthy Street (ambedkar Nagar) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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 Moorthy Street (ambedkar Nagar)

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Moorthy Street (Ambedkar Nagar) guideline value

The current guideline value of Moorthy Street (Ambedkar Nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class IV Type - III land classification.

How the guideline value of Moorthy Street (Ambedkar Nagar) has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure was then reduced to Rs 670 per sq.ft in the 2017 revision, representing a decrease of 33%. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has seen an increase of 10%. The change from 2017 to 2023 was a notable increase of 49%, reflecting a significant upward movement in the value over this period.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 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. The guideline value of Moorthy Street (Ambedkar Nagar) at Rs 1,100 per sq.ft is below this median.

Stamp duty and registration fee for property in Moorthy Street (Ambedkar Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moorthy Street (Ambedkar Nagar)?

The Sub Registrar Office that covers Moorthy Street (Ambedkar 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 during property transactions in Thirumullaivoyal, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Moorthy Street (Ambedkar Nagar)?

The current guideline value of Moorthy Street (Ambedkar Nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Moorthy Street (Ambedkar Nagar)?

Moorthy Street (Ambedkar Nagar) falls under the Residential Class IV Type - III land classification.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Moorthy Street (Ambedkar Nagar) is 7%, based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Moorthy Street (Ambedkar Nagar)?

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