Guideline Value for Then Pazhani street

Then Pazhani street guideline value

The current guideline value of Then Pazhani street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class V Type - I.

How the guideline value of Then Pazhani street has changed

The guideline value for Then Pazhani street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft. It increased significantly to Rs 900 per sq.ft in 2012, marking a 350% rise. The value remained unchanged at Rs 900 per sq.ft through the 2023 revision.

With the latest revision in 2024, the guideline value has increased to Rs 990 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has risen by 395%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values 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 Then Pazhani street's 2024 figure below this median.

• Thendral Nagar West 9th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 8th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 7th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 6th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 5th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 4th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Then Pazhani street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. 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 Then Pazhani street?

The Sub Registrar Office that covers Then Pazhani street 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 plays a crucial role during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the registration department.

Frequently asked questions

What is the current guideline value of Then Pazhani street?

The current guideline value of Then Pazhani street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 395% over the years.

What are the other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal include Thendral Nagar West 9th Street, 8th Street, 7th Street, 6th Street, 5th Street, and 4th Street, all of which have a guideline value of Rs 1,600 per sq.ft in 2024.

Where is the Ambattur Sub Registrar Office located?

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

How is the stamp duty calculated for property in Then Pazhani street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.