Guideline Value for Thendral Nagar Subramanian St.

Thendral Nagar Subramanian St. guideline value

The current guideline value of Thendral Nagar Subramanian St. 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 Subramanian St. has changed

The guideline value for Thendral Nagar Subramanian St. has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, this value decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,600 per sq.ft in 2024, representing a 7% increase.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 700%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 in this area is Rs 2,400 per sq.ft, placing Thendral Nagar Subramanian St.'s 2024 figure below that median.

• Thendral Nagar Reddiyar Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Thamarai Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Ramasamy Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar prathana salai: Rs 1,600 per sq.ft (2024)
• Thendral Nagar vanarani Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Pallavan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar Subramanian St.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total 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, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Nagar Subramanian St.?

The Sub Registrar Office that covers Thendral Nagar Subramanian St. 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 details.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirumullaivoyal, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Thendral Nagar Subramanian St.?

The current guideline value of Thendral Nagar Subramanian St. 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, showing an overall increase of 700% over the years.

What is the registration office for Thendral Nagar Subramanian St.?

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

What is the stamp duty rate applicable?

The stamp duty rate applicable is 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.