Guideline Value for Thevarajulu Naidu Street

Thevarajulu Naidu Street guideline value

The current guideline value of Thevarajulu Naidu Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, with a land classification of Mixed Type - I.

How the guideline value of Thevarajulu Naidu Street has changed

The guideline value for Thevarajulu Naidu Street has seen several revisions over the years. In 2012, the value was Rs 4,200 per sq.ft, which decreased to Rs 2,814 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,200 per sq.ft in 2023, and then rose again to Rs 4,600 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Thevarajulu Naidu Street's 2024 value above this median.

• Thennattu Gandhi Anna nagar (T.N.S.C.B): Rs 2,800 per sq.ft (2024)
• Thirukkural Main Road: Rs 3,600 per sq.ft (2024)
• Thirumoorthy Street: Rs 3,600 per sq.ft (2024)
• Thirupathi Kodai Street: Rs 3,600 per sq.ft (2024)
• Thagoor Street(krishnapuram): Rs 4,600 per sq.ft (2024)
• Thiruvallar MGR Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thevarajulu Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, while the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thevarajulu Naidu Street?

Thevarajulu Naidu Street falls under 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 Ambattur

The guideline value is a crucial factor in the registration process for property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps to establish the stamp duty and registration fees, which are calculated based on this value. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thevarajulu Naidu Street?

The current guideline value of Thevarajulu Naidu Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the stamp duty for property on Thevarajulu Naidu Street?

The stamp duty for property on Thevarajulu Naidu Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Thevarajulu Naidu Street?

The Ambattur Sub Registrar Office covers Thevarajulu Naidu Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Ambattur?

The median guideline value in Ambattur is Rs 3,600 per sq.ft, which means Thevarajulu Naidu Street's value of Rs 4,600 per sq.ft is above this median.