Guideline Value for Naladiyar Street (Srisakthi Nagar)

Naladiyar Street (Srisakthi Nagar) guideline value

The current guideline value of Naladiyar Street (Srisakthi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Naladiyar Street (Srisakthi Nagar) has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision. This represents a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 2,400 per sq.ft, marking a rise of 63%.

Overall, comparing the 2012 and 2024 revisions, the guideline value has seen a slight increase of 9%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values for 2024 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 value of Naladiyar Street (Srisakthi Nagar).

• Nalavenba Street (Sri Sakthi Ngr): Rs 2,400 per sq.ft (2024)
• Nammazhvar Street (Senthil Nagar): Rs 2,400 per sq.ft (2024)
• Nagathamman Koil Street: Rs 1,500 per sq.ft (2024)
• Nandhini Nagar: Rs 990 per sq.ft (2024)
• Nagammai Nagar 9th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 8th Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Naladiyar Street (Srisakthi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Naladiyar Street (Srisakthi Nagar)?

The Sub Registrar Office that covers Naladiyar Street (Srisakthi 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 the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the value of the property being transacted. It is essential to consider this value when negotiating sale prices and preparing for registration at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Naladiyar Street (Srisakthi Nagar)?

The current guideline value of Naladiyar Street (Srisakthi 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 decreased from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017. It then increased to Rs 2,400 per sq.ft in 2024, resulting in an overall increase of 9% from 2012 to 2024.

What is the land classification for Naladiyar Street (Srisakthi Nagar)?

The land classification for Naladiyar Street (Srisakthi Nagar) is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Naladiyar Street (Srisakthi Nagar)?

The Sub Registrar Office for Naladiyar Street (Srisakthi Nagar) is 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 higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.