Guideline Value for Patel Street(senthil nagar)

Patel Street(senthil nagar) guideline value

The current guideline value of Patel 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 Patel Street(senthil nagar) has changed

The guideline value for Patel Street(senthil nagar) has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 600 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 317%. However, the value dropped to Rs 1,675 per sq.ft in the 2017 revision, a decrease of 33%. The most recent revision in 2024 shows a substantial increase to Rs 2,700 per sq.ft, reflecting a 61% rise from the 2017 figure.

There are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, positioning Patel Street(senthil nagar) above this median.

• Palli Vinayagar Koil Street: Rs 2,400 per sq.ft (2024)
• Palli 1st E.V.R. Nagammai St.: Rs 1,500 per sq.ft (2024)
• Periyar Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Pallavan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Pallavan 6th St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)
• Pallavan 5th St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Patel 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 at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Patel Street(senthil nagar)?

The Sub Registrar Office that covers Patel 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 details.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. When you buy or sell property, this value is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the appropriate government authorities.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Patel Street(senthil nagar)?

The current guideline value of Patel 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 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 350% over the years.

What is the land classification for Patel Street(senthil nagar)?

The land classification for Patel Street(senthil nagar) is Residential Special Type - II.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property in Patel Street(senthil nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.