Guideline Value for Old School Street

Old School Street guideline value

The current guideline value of Old School Street in Thirumullaivoyal village, under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Old School Street has changed

The guideline value for Old School Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,200 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,400 per sq.ft, marking a change of +9% from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street, indicating that the guideline value remained unlisted during those revisions.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, a total of 975 streets are registered under the Ambattur SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value for Old School Street.

• Old MTH Road: Rs 3,800 per sq.ft (2024)
• Old Eswaran Koil Street: Rs 2,400 per sq.ft (2024)
• Pachaiamman Street Devi nagar: Rs 2,400 per sq.ft (2024)
• Pachaiyamman Nagar: Rs 1,900 per sq.ft (2024)
• North Mada Street: Rs 2,400 per sq.ft (2024)
• North Mada 4th Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Old School Street

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, making the total charges 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 Old School Street?

The Sub Registrar Office that covers Old School Street 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 when buying or selling property in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Old School Street?

The current guideline value of Old School Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Old School Street was Rs 2,200 per sq.ft in 2012 and increased to Rs 2,400 per sq.ft in 2024, reflecting a change of +9%.

Are there any years without recorded figures for Old School Street?

Yes, there are no recorded figures for Old School Street in the years 2002, 2003, 2007, 2017, and 2023.

What is the registration office for Old School Street?

The registration office for Old School Street 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 the stamp duty calculated for properties in Thirumullaivoyal?

The stamp duty for properties in Thirumullaivoyal is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.