Guideline Value for Srinivasa Nagar

Srinivasa Nagar guideline value

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

How the guideline value of Srinivasa Nagar has changed

The guideline value for Srinivasa Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 124 per sq.ft, which increased to Rs 150 per sq.ft in 2003, marking a 21% rise. The value then rose to Rs 200 per sq.ft in 2007, reflecting a 33% increase. A substantial jump occurred in 2012, where it reached Rs 2,200 per sq.ft, a 1,000% increase from the previous figure. However, this was followed by a decrease to Rs 1,474 per sq.ft in 2017, which was a 33% drop. The value then saw a significant rise to Rs 2,200 per sq.ft in 2023, and finally, it reached Rs 2,400 per sq.ft in 2024, representing a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,835%. The register has no figure for the years not mentioned in this list.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 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 is the same as the current value for Srinivasa Nagar.

• Sri Navasakthi Ganapathi Nagar: Rs 2,400 per sq.ft (2024)
• Srinivasa Nagar (Anbudamai Street): Rs 2,400 per sq.ft (2024)
• Srinivasa Nagar (Arivudamai Street): Rs 2,400 per sq.ft (2024)
• Srinivasa Nagar (Nambikai Street): Rs 2,400 per sq.ft (2024)
• Srinivasa Nagar (Nanneri Street): Rs 2,400 per sq.ft (2024)
• Srinivasa Nagar (Panbudamai Street): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar

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 be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Nagar?

The Sub Registrar Office that covers Srinivasa 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirumullaivoyal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, as it reflects the government’s assessment of property worth in the area. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar?

The current guideline value of Srinivasa 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 significantly from Rs 124 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1,835%.

What are the other streets in Thirumullaivoyal with the same guideline value?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,400 per sq.ft include Sri Navasakthi Ganapathi Nagar and several streets within Srinivasa Nagar.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Srinivasa Nagar?

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