Guideline Value for Purananooru Street(sakthi nagar)

Purananooru Street(sakthi nagar) guideline value

The current guideline value of Purananooru Street(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, and is classified as Residential Class I Type - I.

How the guideline value of Purananooru Street(sakthi nagar) has changed

The guideline value for Purananooru Street(sakthi nagar) has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 400 per sq.ft, which saw a significant increase to Rs 2,200 per sq.ft in 2012. However, there was a decrease in the 2017 revision, bringing the value down to Rs 1,474 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 2,400 per sq.ft, marking a 63% increase from 2017.

Between the revisions, the changes are notable: from 2007 to 2012, there was a 450% increase, followed by a 33% decrease from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 500%. The register has no figures for the years 2023, 2003, and 2002 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 is Rs 2,400 per sq.ft, which is equal to the current guideline value of Purananooru Street(sakthi nagar).

• Prema Avenue: Rs 2,400 per sq.ft (2024)
• Prasana Venkateswara Street: Rs 1,600 per sq.ft (2024)
• Prasakam Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Ragavendra st srinagar colony: Rs 2,700 per sq.ft (2024)
• Raghavendra Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Prabhavathi Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Purananooru Street(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, leading to a total of 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 details.

Which Sub Registrar Office covers Purananooru Street(sakthi nagar)?

The Sub Registrar Office that covers Purananooru Street(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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

Frequently asked questions

What is the current guideline value of Purananooru Street(sakthi nagar)?

The current guideline value of Purananooru Street(sakthi 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 has changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 500% over this period.

What is the land classification of Purananooru Street(sakthi nagar)?

Purananooru Street(sakthi nagar) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Purananooru Street(sakthi nagar)?

The Sub Registrar Office for Purananooru Street(sakthi 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, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at a rate of 7%.