Guideline Value for Shanthipuram DRR Street

Shanthipuram DRR Street guideline value

The current guideline value of Shanthipuram DRR 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 it falls under the land classification of Residential Special Type - II.

How the guideline value of Shanthipuram DRR Street has changed

The guideline value for Shanthipuram DRR Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has set it at Rs 2,700 per sq.ft.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 reflects an increase of 8%. Overall, the guideline value has increased by 8% from 2012 to 2024.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 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 these streets is Rs 2,400 per sq.ft, placing the 2024 guideline value of Shanthipuram DRR Street above this median.

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

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 fees together 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanthipuram DRR Street?

The Sub Registrar Office that covers Shanthipuram DRR 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 critical factor 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 documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shanthipuram DRR Street?

The current guideline value of Shanthipuram DRR 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 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then up to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Shanthipuram DRR Street?

Shanthipuram DRR Street is classified as Residential Special Type - II.

What are the other streets with the same guideline value?

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

Where can I find the Sub Registrar Office for Shanthipuram DRR Street?

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