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Guideline Value for Tagore Street (J.B. Nagar)

₹2400/sq.ft.

The guideline value for Tagore Street (j.b. Nagar) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Tagore Street (j.b. Nagar)

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Tagore Street (J.B. Nagar) guideline value

The current guideline value of Tagore Street (J.B. Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Tagore Street (J.B. Nagar) has changed

The guideline value for Tagore Street (J.B. Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then increased to Rs 2,400 per sq.ft in the 2024 revision, marking a change of +9%. Notably, the register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

In summary, the most recent revision in 2024 reflects an increase from the previous figure set in 2012. The current guideline value aligns with the median value of Rs 2,400 per sq.ft for the 975 streets in Thirumullaivoyal under the Ambattur SRO.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, the guideline values range from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Tagore Street (J.B. Nagar) matches this median.

Stamp duty and registration fee for property in Tagore Street (J.B. 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, 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tagore Street (J.B. Nagar)?

The Sub Registrar Office that covers Tagore Street (J.B. 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 when registering property transactions in Thirumullaivoyal. It acts as a benchmark for determining the minimum value at which properties can be sold and registered, ensuring that the registration fees and stamp duties are calculated accordingly.

When buying or selling property, both the buyer and seller must consider the guideline value to ensure compliance with local regulations. It is advisable to consult the latest guidelines to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Tagore Street (J.B. Nagar)?

The current guideline value of Tagore Street (J.B. 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 changed from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting a +9% increase. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Tagore Street (J.B. Nagar)?

Tagore Street (J.B. Nagar) is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 24,00,000, the total fees would be Rs 2,16,000.

Where can I find the Sub Registrar Office for Tagore Street (J.B. Nagar)?

The Sub Registrar Office for Tagore Street (J.B. Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.