Guideline Value for Sri Masilamani Eswarar Sannidhi Street

Sri Masilamani Eswarar Sannidhi Street guideline value

The current guideline value of Sri Masilamani Eswarar Sannidhi Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Masilamani Eswarar Sannidhi Street has changed

The guideline value has seen several revisions over the years. In 2002, the value was Rs 146 per sq.ft, which increased to Rs 175 per sq.ft in 2003, marking a 20% rise. The value then rose to Rs 200 per sq.ft in 2007, reflecting a 14% increase. A significant jump occurred in 2012, bringing the value to Rs 2,200 per sq.ft, a remarkable 1,000% increase from 2007. However, this was followed by a decrease to Rs 1,474 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 2,200 per sq.ft in 2023, followed by the latest revision to Rs 2,400 per sq.ft in 2024, which represents a 9% increase.

The overall increase from 2002 to 2024 is 1,544%. There are no figures available for other revisions for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with the 2024 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, which aligns with the current value of Sri Masilamani Eswarar Sannidhi Street.

• Sri Lakshmi Nagar: Rs 1,300 per sq.ft (2024)
• Sri Navasakthi Ganapathi Nagar: Rs 2,400 per sq.ft (2024)
• Srinivasa Nagar: Rs 2,400 per sq.ft (2024)
• Sri Krishna Garden(senthil nagar): Rs 2,700 per sq.ft (2024)
• Srinivasa Nagar (Anbudamai Street): Rs 2,400 per sq.ft (2024)
• Sri Karuvi Andavar Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Masilamani Eswarar Sannidhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total charges to Rs 2,16,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Masilamani Eswarar Sannidhi Street?

The Sub Registrar Office that covers Sri Masilamani Eswarar Sannidhi 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 details.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value is essential 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 property is not undervalued during the sale.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures transparency and compliance with government regulations in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Masilamani Eswarar Sannidhi Street?

The current guideline value of Sri Masilamani Eswarar Sannidhi Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 146 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1,544% across the years.

What is the stamp duty rate for properties in this area?

The stamp duty for properties in Sri Masilamani Eswarar Sannidhi Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

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

How is the guideline value determined for properties in Thirumullaivoyal?

The guideline value is determined based on various factors, including land classification and the values set by the Registration Department. It serves as a reference point for property transactions in the area.