Guideline Value for Thendral Nagar Pallavan Street

Thendral Nagar Pallavan Street guideline value

The current guideline value of Thendral Nagar Pallavan Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thendral Nagar Pallavan Street has changed

The guideline value for Thendral Nagar Pallavan Street has seen significant changes over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft. This figure rose dramatically to Rs 1,500 per sq.ft in the 2012 revision, marking an increase of 650%. However, the value then decreased to Rs 1,005 per sq.ft in the 2017 revision, reflecting a drop of 33%. The subsequent revision in 2023 saw the value rise to Rs 1,500 per sq.ft, an increase of 49%. The most recent revision in 2024 has set the value at Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 700%.

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, with a median value of Rs 2,400 per sq.ft. Thendral Nagar Pallavan Street's 2024 guideline value is below this median.

• Thendral Nagar Mooventhar Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar prathana salai: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Kuppan Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Ramasamy Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Kambar Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Reddiyar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar Pallavan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thendral Nagar Pallavan Street?

The Sub Registrar Office that covers Thendral Nagar Pallavan 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 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 government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair price of the property. Buyers and sellers should be aware that the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thendral Nagar Pallavan Street?

The current guideline value of Thendral Nagar Pallavan 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 200 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting a total increase of 700% over the years.

What is the land classification for Thendral Nagar Pallavan Street?

Thendral Nagar Pallavan Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Thendral Nagar Pallavan Street?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Thendral Nagar Pallavan Street?

The Ambattur Sub Registrar Office handles registrations for Thendral Nagar Pallavan Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.