Guideline Value for Shanthipuram 4th Cross Road

Shanthipuram 4th Cross Road guideline value

The current guideline value of Shanthipuram 4th Cross Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Shanthipuram 4th Cross Road has changed

Over the years, the guideline value for Shanthipuram 4th Cross Road has seen significant changes. The 2007 revision recorded a figure of Rs 400 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The subsequent years saw a substantial increase, with the value rising to Rs 2,500 per sq.ft in 2023, and then to the current Rs 2,700 per sq.ft in 2024, an increase of 8%.

In total, from the 2007 revision to the 2024 revision, the guideline value has increased by 575%. The register has no figures for the years 2002 and 2003 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 for the village is Rs 2,400 per sq.ft, making the current value of Shanthipuram 4th Cross Road above this median.

• Shanthipuram 4nd Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram Asiriyar Arunachalam Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 3rd Cross Road: Rs 2,700 per sq.ft (2024)
• Shanthipuram DRR Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 3nd Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthipuram 4th Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total 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, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthipuram 4th Cross Road?

The Sub Registrar Office that covers Shanthipuram 4th Cross Road 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 is a crucial factor when buying or selling property in Thirumullaivoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately with the government authorities.

When you register a property, the guideline value helps determine the minimum price at which the property can be sold. This ensures transparency in property transactions and helps in maintaining a fair valuation process.

Frequently asked questions

What is the current guideline value of Shanthipuram 4th Cross Road?

The current guideline value of Shanthipuram 4th Cross Road 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 significantly, increasing from Rs 400 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, an overall increase of 575%.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, with Shanthipuram 4th Cross Road's current value above this median.

What are the stamp duty and registration fees for property in Shanthipuram 4th Cross Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Shanthipuram 4th Cross Road?

The Ambattur Sub Registrar Office handles registrations for Shanthipuram 4th Cross Road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.