Guideline Value for Suresh Bhavanam (Vivekannadhar Nagar)

Suresh Bhavanam (Vivekannadhar Nagar) guideline value

The current guideline value of Suresh Bhavanam (Vivekannadhar Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Suresh Bhavanam (Vivekannadhar Nagar) has changed

The guideline value for Suresh Bhavanam (Vivekannadhar Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Suresh Bhavanam (Vivekannadhar Nagar) above this median.

• Swami Nagar: Rs 1,600 per sq.ft (2024)
• Tagore Street (J.B. Nagar): Rs 2,400 per sq.ft (2024)
• Tagore Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Sudhar sanam nagar (S.No. 121 to 169): Rs 1,100 per sq.ft (2024)
• Sudarshanam Nagar (S.No. 357,359): Rs 2,700 per sq.ft (2024)
• Sudarsanam Nagar Extn: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Suresh Bhavanam (Vivekannadhar Nagar)

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 fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suresh Bhavanam (Vivekannadhar Nagar)?

The Sub Registrar Office that covers Suresh Bhavanam (Vivekannadhar 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 when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Suresh Bhavanam (Vivekannadhar Nagar)?

The current guideline value of Suresh Bhavanam (Vivekannadhar Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,700 per sq.ft in 2024. Overall, the value has increased by 8% from 2012 to 2024.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Suresh Bhavanam (Vivekannadhar Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

What is the land classification of Suresh Bhavanam (Vivekannadhar Nagar)?

Suresh Bhavanam (Vivekannadhar Nagar) is classified as Residential Special Type - II, which is relevant for determining the guideline value and the applicable regulations for property transactions.