Guideline Value for Shanthi Hospital Street

Shanthi Hospital Street guideline value

The current guideline value of Shanthi Hospital Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and falls under the Residential Class III Type - III land classification.

How the guideline value of Shanthi Hospital Street has changed

Over the years, the guideline value of Shanthi Hospital Street has seen several revisions. The 2012 revision set the value at Rs 1,300 per sq.ft, which then decreased to Rs 871 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,300 per sq.ft in the 2023 revision, and further to Rs 1,400 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register does not provide figures for the years 2002, 2003, and 2007 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, with a median value of Rs 2,400 per sq.ft. The guideline value of Shanthi Hospital Street is below this median.

• Shanthipuram 1nd Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 2nd Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 3nd Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 3rd Cross Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Hospital Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Shanthi Hospital Street?

The Sub Registrar Office that covers Shanthi Hospital 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value ensures transparency and fairness in the transaction process. Buyers and sellers must be aware of this value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Shanthi Hospital Street?

The current guideline value of Shanthi Hospital Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

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

Other streets in Thirumullaivoyal include Shanthipuram 1nd Street, Shanthipuram 1st Cross Street, Shanthipuram 2nd Cross Street, Shanthipuram 2nd Street, Shanthipuram 3nd Street, and Shanthipuram 3rd Cross Road, all valued at Rs 2,700 per sq.ft in 2024.

What is the registration fee for property in Shanthi Hospital Street?

The registration fee for property in Shanthi Hospital Street is calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the registration fee would be Rs 28,000 at the current guideline value.

Where is the Sub Registrar Office for Shanthi Hospital Street located?

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