Guideline Value for Sri Surulistawar Nagar

Sri Surulistawar Nagar guideline value

The current guideline value of Sri Surulistawar Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Sri Surulistawar Nagar has changed

The guideline value for Sri Surulistawar Nagar has undergone several revisions over the years. In 2002, the value was Rs 103 per sq.ft, which increased to Rs 125 per sq.ft in 2003. Following this, the value rose significantly to Rs 200 per sq.ft in 2007, and then saw a remarkable increase to Rs 1,400 per sq.ft in 2012. However, it decreased to Rs 938 per sq.ft in 2017. The value then increased to Rs 1,400 per sq.ft in 2023, before reaching the current figure of Rs 1,500 per sq.ft in 2024.

The changes between the revisions are notable. From 2002 to 2003, the increase was +21%. The jump from 2003 to 2007 was +60%, followed by a substantial rise of +600% from 2007 to 2012. The value then decreased by -33% from 2012 to 2017. After that, there was a significant increase of +49% from 2017 to 2023, culminating in a +7% rise from 2023 to 2024. Overall, the guideline value has increased by +1356% from 2002 to 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Sri Surulistawar Nagar is below this median.

• Sri Subramani Nagar (S.No. 100, 101 only): Rs 990 per sq.ft (2024)
• Sri Vari Garden: Rs 880 per sq.ft (2024)
• S.S. Nagar: Rs 2,400 per sq.ft (2024)
• S.S. Nagar (Ganthi Street): Rs 2,400 per sq.ft (2024)
• S.S. Nagar (Middle Street): Rs 2,400 per sq.ft (2024)
• S.S.Nagar (Park Street): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Surulistawar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. 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 Sri Surulistawar Nagar?

The Sub Registrar Office that covers Sri Surulistawar 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 crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, both the buyer and seller must consider this value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers need to be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction aligns with the established values in the area.

Frequently asked questions

What is the current guideline value of Sri Surulistawar Nagar?

The current guideline value of Sri Surulistawar Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 103 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, with various increases and one decrease in between.

What is the land classification of Sri Surulistawar Nagar?

Sri Surulistawar Nagar is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Sri Surulistawar Nagar?

The Sub Registrar Office for Sri Surulistawar Nagar 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 stamp duty calculated for properties in Sri Surulistawar 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 15,00,000, the stamp duty at 7% would be Rs 1,05,000.