Guideline Value for Mullai Street (Sri Sakthi Nagar)

Mullai Street (Sri Sakthi Nagar) guideline value

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

The guideline value for Mullai Street (Sri Sakthi Nagar) has seen several revisions since 2012. In 2012, the guideline value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 2,400 per sq.ft, representing a rise of 63%. Overall, the change from 2012 to 2024 shows a slight increase of 9%.

There are no figures available for the revisions in 2023, 2007, and 2003 for this street. The most recent revision reflects the current market conditions as of 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal village, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the current guideline value of Mullai Street (Sri Sakthi Nagar).

• Mullai Nagar Extn: Rs 1,300 per sq.ft (2024)
• Mullai Nagar: Rs 1,300 per sq.ft (2024)
• M.T.H. Road: Rs 5,500 per sq.ft (2024)
• Murugan Koil Avenue (Srinagar Colony): Rs 2,700 per sq.ft (2024)
• Murugan Koil Street (Srinagar Colony): Rs 2,700 per sq.ft (2024)
• Murugappa Colony: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mullai 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, bringing the total charges to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Mullai 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 is a critical factor in the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Mullai 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?

Since 2012, the guideline value has changed from Rs 2,200 per sq.ft in 2012, to Rs 1,474 per sq.ft in 2017, and then increased to Rs 2,400 per sq.ft in 2024.

What is the land classification for Mullai Street (Sri Sakthi Nagar)?

Mullai Street (Sri Sakthi Nagar) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Mullai Street (Sri Sakthi Nagar)?

The registration office for Mullai 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.

How is 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, a property with a guideline value of Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.