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Guideline Value

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Guideline Value for S.S.Nagar (Park Street)

₹2400/sq.ft.

The guideline value for S.s.nagar (park Street) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on S.s.nagar (park Street)

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S.S.Nagar (Park Street) guideline value

The current guideline value of S.S.Nagar (Park Street) is Rs 2,400 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 Class I Type - I.

How the guideline value of S.S.Nagar (Park Street) has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,474 per sq.ft, marking a significant drop of 33%. The value saw an increase in the 2023 revision to Rs 2,200 per sq.ft, and then it rose again to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2012 to 2024, there has been a 9% increase. The current guideline value of Rs 2,400 per sq.ft is now equal to the median guideline value of Rs 2,400 per sq.ft for the 975 streets in Thirumullaivoyal under the Ambattur SRO.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, the guideline values range from Rs 880 to Rs 5,500 per sq.ft, with the median being Rs 2,400 per sq.ft. S.S.Nagar (Park Street) aligns with this median value. Here are some other streets in Thirumullaivoyal:

Stamp duty and registration fee for property in S.S.Nagar (Park 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, bringing the total to Rs 2,16,000. 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 precise calculations.

Which Sub Registrar Office covers S.S.Nagar (Park Street)?

The Sub Registrar Office covering S.S.Nagar (Park 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 details.

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 officially recognized and documented.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of S.S.Nagar (Park Street)?

The current guideline value of S.S.Nagar (Park Street) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several changes, starting from Rs 2,200 per sq.ft in 2012, dropping to Rs 1,474 per sq.ft in 2017, then increasing to Rs 2,200 per sq.ft in 2023, and finally reaching Rs 2,400 per sq.ft in 2024.

What is the land classification of S.S.Nagar (Park Street)?

S.S.Nagar (Park Street) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for S.S.Nagar (Park Street)?

The Ambattur Sub Registrar Office covers S.S.Nagar (Park Street) and 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 S.S.Nagar (Park Street)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.