Guideline Value for Shanthipuram 1st Cross Street

Shanthipuram 1st Cross Street guideline value

The current guideline value for Shanthipuram 1st Cross Street 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 Shanthipuram 1st Cross Street has changed

The guideline value for Shanthipuram 1st Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 400 per sq.ft. This value increased significantly to Rs 2,500 per sq.ft in 2012, marking a change of +525%. The 2023 revision maintained this figure at Rs 2,500 per sq.ft, showing no change from the previous revision. However, in 2024, the guideline value rose to Rs 2,700 per sq.ft, reflecting an increase of +8% from the 2023 revision.

Overall, from 2007 to 2024, the guideline value has increased by +575%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing the 2024 figure for Shanthipuram 1st Cross Street above this median.

• Shanthipuram 1nd 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)
• Shanthipuram 4nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthipuram 1st Cross Street

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 fees to Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanthipuram 1st Cross Street?

The Sub Registrar Office that covers Shanthipuram 1st Cross 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 in property transactions in Thirumullaivoyal. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value for Shanthipuram 1st Cross Street?

The current guideline value for Shanthipuram 1st Cross Street 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 400 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +575% over this period.

What are the other streets with the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,700 per sq.ft in 2024 include Shanthipuram 1nd Street, Shanthipuram 2nd Cross Street, Shanthipuram 2nd Street, Shanthipuram 3nd Street, Shanthipuram 3rd Cross Road, and Shanthipuram 4nd Street.

What is the stamp duty for a property in Shanthipuram 1st Cross Street?

The stamp duty for a property valued at Rs 27,00,000 (for a 1,000 sq.ft plot) would be Rs 1,89,000, which is 7% of the guideline value.

Where can I find the Sub Registrar Office for Shanthipuram 1st Cross Street?

The Sub Registrar Office for Shanthipuram 1st Cross Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.