Guideline Value for Thilagar Street(senthil nagar)

Thilagar Street(senthil nagar) guideline value

The current guideline value of Thilagar Street(senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Thilagar Street(senthil nagar) has changed

Over the years, the guideline value for Thilagar Street(senthil nagar) has seen significant changes. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. This was a remarkable increase of 317%. However, from 2012 to 2017, the value decreased by 33% to Rs 1,675 per sq.ft. The 2023 revision saw another increase to Rs 2,500 per sq.ft, followed by a rise to the current value of Rs 2,700 per sq.ft in 2024, marking an 8% increase.

In summary, the guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 350%. 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 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 Thilagar Street(senthil nagar) above this median.

• Then Pazhani street: Rs 990 per sq.ft (2024)
• Thendral Nagar West 9th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 8th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 7th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 6th Street: Rs 1,600 per sq.ft (2024)
• Thendral Nagar West 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thilagar Street(senthil nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these charges to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thilagar Street(senthil nagar)?

The Sub Registrar Office that covers Thilagar Street(senthil nagar) is the Ambattur Sub Registrar Office. The address is 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 plays a crucial role in property transactions in Thirumullaivoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable. This ensures that the charges reflect the official valuation of the property as per the local government regulations.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable duties and fees, ensuring transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Thilagar Street(senthil nagar)?

The current guideline value of Thilagar Street(senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with significant changes occurring in various revisions over the years.

What is the land classification for Thilagar Street(senthil nagar)?

The land classification for Thilagar Street(senthil nagar) is Residential Special Type - II.

What is the median guideline value in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, which means Thilagar Street(senthil nagar) is above this median value.

Where can I find the Sub Registrar Office for Thilagar Street(senthil nagar)?

The Sub Registrar Office for Thilagar Street(senthil nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.