Guideline Value for Thendral Nagar Vistharipu

Thendral Nagar Vistharipu guideline value

The current guideline value of Thendral Nagar Vistharipu is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Thendral Nagar Vistharipu has changed

The guideline value for Thendral Nagar Vistharipu has seen several revisions over the years. The earliest recorded revision is from 2002, where the guideline value was Rs 140 per sq.ft. This increased to Rs 180 per sq.ft in 2003, marking a change of +29%. The value further rose to Rs 200 per sq.ft in 2007, reflecting an increase of +11%. In 2012, the value remained at Rs 1,500 per sq.ft, with no change noted from the previous revision. The 2023 revision also recorded Rs 1,500 per sq.ft, indicating stability over this period.

In 2024, the guideline value was revised to Rs 1,600 per sq.ft, representing a +7% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +1043%, reaching the current figure of Rs 1,600 per sq.ft.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value 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 Thendral Nagar Vistharipu's 2024 figure below this median.

• Thendral Nagar vanarani Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 10th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 11th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Thamarai Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 12th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar Subramanian St.: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar Vistharipu

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, totaling Rs 1,44,000. It is 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 Vistharipu?

The Sub Registrar Office covering Thendral Nagar Vistharipu is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai. 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 properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thendral Nagar Vistharipu?

The current guideline value of Thendral Nagar Vistharipu 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 significantly from Rs 140 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, marking an overall increase of +1043% over this period.

What is the land classification for Thendral Nagar Vistharipu?

The land classification for Thendral Nagar Vistharipu is Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Thendral Nagar Vistharipu?

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

How is the stamp duty calculated for properties in Thendral Nagar Vistharipu?

Stamp duty for properties in Thendral Nagar Vistharipu is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at 7%.