Guideline Value for Thiru Nagar - Akshaya Garden

Thiru Nagar - Akshaya Garden guideline value

The current guideline value of Thiru Nagar - Akshaya Garden is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this property is Residential Special Type - II.

How the guideline value of Thiru Nagar - Akshaya Garden has changed

The guideline value for Thiru Nagar - Akshaya Garden has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which reflects an increase from the 2023 revision of Rs 2,500 per sq.ft, marking an 8% rise. Prior to 2023, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values have evolved as follows: from the last known figure of Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. The previous revisions do not provide a figure for this street, indicating a lack of recorded values in those years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Thiru Nagar - Akshaya Garden is above this median, indicating a higher valuation compared to many other streets in the area.

• Thiru Nagar: Rs 2,700 per sq.ft (2024)
• Thirumurugan Villa: Rs 1,100 per sq.ft (2024)
• Thirupavai Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Thirumullaivoil Salai: Rs 1,500 per sq.ft (2024)
• Thirumullaivayal Colony (Perumalkoil Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Iyyanar Street): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Nagar - Akshaya Garden

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, making the total cost for these fees Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiru Nagar - Akshaya Garden?

The Thiru Nagar - Akshaya Garden area falls under the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

It is essential for buyers and sellers to understand that the guideline value may differ from the actual sale price. The registration process requires that the higher of the two values—guideline or sale price—be used for tax calculations, which can significantly affect the overall costs of the transaction.

Frequently asked questions

What is the current guideline value of Thiru Nagar - Akshaya Garden?

The current guideline value of Thiru Nagar - Akshaya Garden 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 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

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

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It serves as a benchmark for property transactions in the area.