Guideline Value for S.No.209/2 & 883

S.No.209/2 & 883 guideline value

The current guideline value for S.No.209/2 & 883 in Thirumullaivoyal village, under the Ambattur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - II land classification.

How the guideline value of S.No.209/2 & 883 has changed

The guideline value for S.No.209/2 & 883 has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. In the following revision in 2017, the guideline value decreased to Rs 1,675 per sq.ft. However, the most recent revision in 2024 saw a significant increase, bringing the value up to Rs 2,700 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

From the 2017 to 2024 revision, there was an increase of 61%. In contrast, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%.

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, placing S.No.209/2 & 883 above this median with its 2024 figure of Rs 2,700 per sq.ft.

• S.No.173/1, 173/2: Rs 1,100 per sq.ft (2024)
• S.No.296/3 and 303: Rs 2,400 per sq.ft (2024)
• Solapuram Road: Rs 2,700 per sq.ft (2024)
• Siva Sankara Puram 2nd Street: Rs 2,400 per sq.ft (2024)
• Siva Sankara Puram 1st Street: Rs 2,400 per sq.ft (2024)
• Siva Sankara Puram: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in S.No.209/2 & 883

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers S.No.209/2 & 883?

The Sub Registrar Office that covers S.No.209/2 & 883 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for S.No.209/2 & 883?

The current guideline value for S.No.209/2 & 883 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 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification for S.No.209/2 & 883?

S.No.209/2 & 883 is classified as Residential Special Type - II. This classification affects the guideline value and potential uses of the property.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total stamp duty and registration fees would be Rs 2,43,000. This includes Rs 1,89,000 for stamp duty and Rs 54,000 for the registration fee.

Which Sub Registrar Office is responsible for this property?

The Ambattur Sub Registrar Office is responsible for S.No.209/2 & 883, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.