Guideline Value for THIRUMURUGAN VILLA

Thirumurugan Villa guideline value

The current guideline value of Thirumurugan Villa is Rs 1,100 per sq.ft, effective from 1 July 2024. It is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class IV Type - III.

How the guideline value of Thirumurugan Villa has changed

Over the years, the guideline value for Thirumurugan Villa has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,100 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with 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, placing Thirumurugan Villa's value below this median.

• Thiru Nagar: Rs 990 per sq.ft (2024)
• Thirumullaivoil Salai: Rs 1,500 per sq.ft (2024)
• Thirumullaivayal Colony (Perumalkoil Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Iyyanar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony Colony (Thiruvallar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Ambedkar Street): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Villa

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumurugan Villa?

The Sub Registrar Office covering Thirumurugan Villa 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 further assistance.

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

The guideline value is a critical factor during property registration in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is important to note that the stamp duty is calculated based on the higher value between the guideline value and the actual sale price, which can significantly affect the overall transaction costs.

Frequently asked questions

What is the current guideline value of Thirumurugan Villa?

The current guideline value of Thirumurugan Villa is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Thirumurugan Villa?

Thirumurugan Villa is classified as Residential Class IV Type - III, indicating its suitability for residential purposes.

What are the other guideline values in Thirumullaivoyal?

In Thirumullaivoyal, guideline values for other streets range from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft.

Where can I find the Sub Registrar Office for Thirumurugan Villa?

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