Guideline Value

Corporate

Guideline Value for Thendral Nagar

₹1600/sq.ft.

The guideline value for Thendral Nagar in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹180 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹140 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thendral Nagar

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Thendral Nagar guideline value

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

How the guideline value of Thendral Nagar has changed

The guideline value for Thendral Nagar has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 140 per sq.ft, which increased to Rs 180 per sq.ft in 2003, marking a 29% rise. The value continued to climb to Rs 400 per sq.ft in 2007, reflecting a 122% increase from the previous revision. By 2012, the guideline value reached Rs 1,500 per sq.ft, representing a substantial 275% increase from 2007.

In the latest revision for 2024, the guideline value is set at Rs 1,600 per sq.ft, which is a 7% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 1043%. It is important to note that the register has no figures for the years 2017 and 2023 for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Thendral Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Thendral Nagar

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. Therefore, the total cost for stamp duty and registration fees would be Rs 1,44,000. 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 information.

Which Sub Registrar Office covers Thendral Nagar?

The Sub Registrar Office that covers Thendral Nagar 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 plays a crucial role in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which property can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements during the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. In cases where the sale price exceeds the guideline value, the stamp duty will be calculated based on the higher amount. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thendral Nagar?

The current guideline value of Thendral Nagar 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 increased significantly from Rs 140 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 1043% over the years.

What is the stamp duty rate for properties in Thendral Nagar?

The stamp duty rate for properties in Thendral Nagar is 7% of the guideline value or sale price, whichever is higher.

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

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

How does the guideline value affect property transactions?

The guideline value is used as a benchmark for determining the minimum value for property registration. It is essential for calculating stamp duty and registration fees during property transactions.