Guideline Value for Sai Prabhu Batha Street(Srinagar Colony)

Sai Prabhu Batha Street(Srinagar Colony) guideline value

The current guideline value of Sai Prabhu Batha Street(Srinagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sai Prabhu Batha Street(Srinagar Colony) has changed

The guideline value for Sai Prabhu Batha Street(Srinagar Colony) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft. However, this figure decreased significantly to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2024 saw an increase to Rs 2,700 per sq.ft, which is a rise of 61% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 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 guideline value for these streets is Rs 2,400 per sq.ft, making the guideline value of Sai Prabhu Batha Street(Srinagar Colony) above this median.

• Sairam Nagar: Rs 880 per sq.ft (2024)
• Saibaba Street(Srinagar Colony): Rs 2,700 per sq.ft (2024)
• Sakthi Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• Sakthi Vel Nagar: Rs 1,500 per sq.ft (2024)
• Sakunthalam Street(Srisakthi Nagar): Rs 2,400 per sq.ft (2024)
• Rukumani Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Prabhu Batha Street(Srinagar Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to 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.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Prabhu Batha Street(Srinagar Colony)?

The Sub Registrar Office that covers Sai Prabhu Batha Street(Srinagar Colony) 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 information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government.

When a property is sold, the buyer needs to pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sai Prabhu Batha Street(Srinagar Colony)?

The current guideline value of Sai Prabhu Batha Street(Srinagar Colony) 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. The overall change from 2012 to 2024 is an increase of 8%.

What is the land classification for Sai Prabhu Batha Street(Srinagar Colony)?

The land classification for Sai Prabhu Batha Street(Srinagar Colony) is Residential Special Type - II.

What are the guideline values for other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal have varying guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft.

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.