Guideline Value for Thendral Nagar East 7th Street

Thendral Nagar East 7th Street guideline value

The current guideline value of Thendral Nagar East 7th Street is Rs 1,600 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 III Type - I.

How the guideline value of Thendral Nagar East 7th Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, followed by another increase to Rs 1,600 per sq.ft in the 2024 revision, reflecting a rise of 7% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back up to Rs 1,500 per sq.ft. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 7%.

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 guideline value is Rs 2,400 per sq.ft, making the current value of Thendral Nagar East 7th Street below this median.

• Thendral Nagar East 6th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 8th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 5th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 9th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 4th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar East 3rd Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar East 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It's important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Nagar East 7th Street?

The Sub Registrar Office that covers Thendral Nagar East 7th 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 is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is aligned with the official valuation set by the authorities.

When a property is sold, the guideline value helps in calculating the necessary fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thendral Nagar East 7th Street?

The current guideline value of Thendral Nagar East 7th Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Thendral Nagar East 7th Street?

The land classification for Thendral Nagar East 7th Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thendral Nagar East 7th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thendral Nagar East 7th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 16,00,000, the stamp duty would be Rs 1,12,000 at 7%.