Guideline Value for Tagore Street(Senthil nagar)

Tagore Street(Senthil nagar) guideline value

The current guideline value of Tagore Street(Senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Tagore Street(Senthil nagar) has changed

The guideline value for Tagore Street(Senthil nagar) has seen significant changes over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 317%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the 2012 figure.

There are no figures available for the years 2003, 2002, 2017, and 2023 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value 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 Tagore Street(Senthil nagar) above this median.

• Tagore Street (J.B. Nagar): Rs 2,400 per sq.ft (2024)
• Swami Nagar: Rs 1,600 per sq.ft (2024)
• Tank Street: Rs 2,400 per sq.ft (2024)
• Suresh Bhavanam (Vivekannadhar Nagar): Rs 2,700 per sq.ft (2024)
• Thamarai Nagar: Rs 2,400 per sq.ft (2024)
• Thamarai Nagar 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Tagore Street(Senthil nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Tagore Street(Senthil nagar)?

The Sub Registrar Office covering Tagore Street(Senthil 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It serves as a reference point for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a buyer approaches the registration office, the guideline value is checked against the sale price. The higher of the two values is used to calculate the necessary fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Tagore Street(Senthil nagar)?

The current guideline value of Tagore Street(Senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 350%.

What are the other streets in Thirumullaivoyal with their guideline values?

Other streets in Thirumullaivoyal include Tagore Street (J.B. Nagar) at Rs 2,400 per sq.ft, Swami Nagar at Rs 1,600 per sq.ft, and Suresh Bhavanam (Vivekannadhar Nagar) at Rs 2,700 per sq.ft, among others.

What is the registration fee for properties in Tagore Street(Senthil nagar)?

The registration fee for properties in Tagore Street(Senthil nagar) is calculated based on the guideline value. For example, a property valued at Rs 27,00,000 would incur a registration fee of Rs 54,000 at 2%.

Where can I find the Sub Registrar Office for Tagore Street(Senthil nagar)?

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