Guideline Value

Corporate

Guideline Value for Sri Navasakthi Ganapathi Nagar

₹2400/sq.ft.

The guideline value for Sri Navasakthi Ganapathi Nagar in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
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 Navasakthi Ganapathi Nagar

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Sri Navasakthi Ganapathi Nagar guideline value

The current guideline value of Sri Navasakthi Ganapathi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Sri Navasakthi Ganapathi Nagar has changed

The guideline value for Sri Navasakthi Ganapathi Nagar has experienced several revisions over the years. The earliest recorded figure is from 2007, with a guideline value of Rs 400 per sq.ft. This value saw a significant increase to Rs 2,200 per sq.ft in 2012, marking a rise of 450%. However, it then decreased to Rs 1,474 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 2,200 per sq.ft in 2023, and subsequently increased to the current rate of Rs 2,400 per sq.ft in 2024, which is a 9% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 500%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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 is Rs 2,400 per sq.ft, which is equal to the current guideline value of Sri Navasakthi Ganapathi Nagar.

Stamp duty and registration fee for property in Sri Navasakthi Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Together, the total cost for these fees would be Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Navasakthi Ganapathi Nagar?

Sri Navasakthi Ganapathi Nagar is covered by 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 plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented accurately according to government regulations.

When a property is sold, the guideline value is considered to determine the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Navasakthi Ganapathi Nagar?

The current guideline value of Sri Navasakthi Ganapathi Nagar 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 from Rs 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which Sub Registrar Office is responsible for Sri Navasakthi Ganapathi Nagar?

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

What is the land classification for Sri Navasakthi Ganapathi Nagar?

The land classification for Sri Navasakthi Ganapathi Nagar is Residential Class I Type - I, indicating its designation for residential purposes.