Guideline Value for Power Line Road

Power Line Road guideline value

The current guideline value of Power Line Road in Thirumullaivoyal village under the Ambattur SRO is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Power Line Road has changed

The guideline value for Power Line Road has seen several revisions over the years. In 2003, the value was Rs 160 per sq.ft, which increased to Rs 200 per sq.ft in 2007, marking a 25% rise. The value then surged dramatically to Rs 2,200 per sq.ft in 2012, reflecting a substantial increase of 1,000%. However, by 2017, the value dropped to Rs 1,474 per sq.ft, a decrease of 33%. The most recent revision in 2024 brought the guideline value back up to Rs 2,400 per sq.ft, which is a significant increase of 63% from the previous figure.

Overall, from 2003 to 2024, the guideline value has increased by 1,400%. It is important to note that there are no figures available for the years 2002 and 2023 for this street.

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, which is equal to the guideline value of Power Line Road.

• Prabhavathi Nagar: Rs 1,500 per sq.ft (2024)
• Prasakam Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Prasana Venkateswara Street: Rs 1,600 per sq.ft (2024)
• Prema Avenue: Rs 2,400 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 1,600 per sq.ft (2024)
• Purananooru Street(sakthi nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Power Line Road

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

Which Sub Registrar Office covers Power Line Road?

The Sub Registrar Office that covers Power Line Road 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 the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a standard value recognized by the authorities.

When you register a property, the guideline value helps in determining the official worth of the property, which in turn affects the fees payable. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Power Line Road?

The current guideline value of Power Line Road is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 160 per sq.ft in 2003 to Rs 2,400 per sq.ft in 2024, representing an overall increase of 1,400% over this period.

What are the other streets in Thirumullaivoyal with their guideline values?

Other streets in Thirumullaivoyal include Prabhavathi Nagar at Rs 1,500 per sq.ft, Prasakam Street (Senthil Nagar) at Rs 2,700 per sq.ft, and Prema Avenue at Rs 2,400 per sq.ft, among others.

What are the stamp duty and registration fees for properties on Power Line Road?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Where is the Sub Registrar Office for Power Line Road located?

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