Guideline Value for Sidhartha Street(senthil nagar)

Sidhartha Street(senthil nagar) guideline value

The current guideline value of Sidhartha Street(senthil nagar) 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 Sidhartha Street(senthil nagar) has changed

The guideline value for Sidhartha Street(senthil nagar) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an increase of 8% from the 2023 revision of Rs 2,500 per sq.ft. The 2012 revision also recorded Rs 2,500 per sq.ft, indicating no change from the previous year. The 2007 revision marked a significant increase to Rs 600 per sq.ft, reflecting a 317% rise from the 2007 figure to 2012.

Overall, from 2007 to 2024, the guideline value has increased by 350%. It is important to note that there are no figures available for the years 2017, 2003, and 2002 in the register 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, placing Sidhartha Street(senthil nagar) above this median.

• Silapathigaram Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Sinthamani Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sithirai Veethi(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sivagami Street Devi Nagar: Rs 2,400 per sq.ft (2024)
• Shoba Nagar: Rs 2,700 per sq.ft (2024)
• Shiva Garden: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sidhartha Street(senthil nagar)

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, while 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.

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

Which Sub Registrar Office covers Sidhartha Street(senthil nagar)?

The Sub Registrar Office that covers Sidhartha Street(senthil nagar) 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 critical factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value will be used to calculate the necessary fees, ensuring that the transaction is registered in accordance with the local regulations. This helps maintain transparency and accuracy in property dealings.

Frequently asked questions

What is the current guideline value for Sidhartha Street(senthil nagar)?

The current guideline value for Sidhartha Street(senthil nagar) 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 increased from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 350% over the years.

What is the land classification for Sidhartha Street(senthil nagar)?

Sidhartha Street(senthil nagar) is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Sidhartha Street(senthil nagar)?

The Sub Registrar Office for Sidhartha Street(senthil nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for property in Sidhartha Street(senthil nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.