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Guideline Value

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Guideline Value for Sri Devi Vaishnavi Nagar (I Street)

₹2700/sq.ft.

The guideline value for Sri Devi Vaishnavi Nagar (i Street) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Devi Vaishnavi Nagar (i Street)

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Sri Devi Vaishnavi Nagar (I Street) guideline value

The current guideline value of Sri Devi Vaishnavi Nagar (I 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 Sri Devi Vaishnavi Nagar (I Street) has changed

The guideline value for Sri Devi Vaishnavi Nagar (I Street) has seen 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 2017. However, the latest 2024 revision has increased the value to Rs 2,700 per sq.ft, marking a significant rise of 61% from the 2017 figure. Overall, from 2012 to 2024, there has been an increase of 8%.

In terms of the revisions that have no figures for this street, the register does not provide values for the years 2023, 2007, 2003, and 2002. This lack of data means that the changes in guideline values during those years are unknown.

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 value across these streets is Rs 2,400 per sq.ft, placing the 2024 guideline value of Sri Devi Vaishnavi Nagar (I Street) above this median.

Stamp duty and registration fee for property in Sri Devi Vaishnavi Nagar (I 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 cost for these fees 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 Sri Devi Vaishnavi Nagar (I Street)?

The Sub Registrar Office that covers Sri Devi Vaishnavi Nagar (I 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 when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Devi Vaishnavi Nagar (I Street)?

The current guideline value of Sri Devi Vaishnavi Nagar (I Street) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,500 per sq.ft to Rs 1,675 per sq.ft in 2017 and then increased to Rs 2,700 per sq.ft in 2024. This reflects a 61% increase from the 2017 revision.

What is the land classification of Sri Devi Vaishnavi Nagar (I Street)?

Sri Devi Vaishnavi Nagar (I Street) is classified as Residential Special Type - II according to the guideline value register.

Where is the Sub Registrar Office located for this area?

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

How is stamp duty calculated for properties in this area?

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