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Guideline Value

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Guideline Value for Thirumalai Nagar (Mahaveer Garden)

₹2000/sq.ft.

The guideline value for Thirumalai Nagar (mahaveer Garden) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2000 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2000 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Thirumalai Nagar (mahaveer Garden)

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Thirumalai Nagar (Mahaveer Garden) guideline value

The current guideline value of Thirumalai Nagar (Mahaveer Garden) is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class I Type - III.

How the guideline value of Thirumalai Nagar (Mahaveer Garden) has changed

The guideline value for Thirumalai Nagar (Mahaveer Garden) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,900 per sq.ft, which was then reduced to Rs 1,273 per sq.ft in 2017. Following this, the value increased to Rs 1,900 per sq.ft in 2023, and finally to Rs 2,000 per sq.ft in 2024, marking a 5% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2012 to 2017, the value experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 5%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry 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 Thirumalai Nagar (Mahaveer Garden) is below this median.

Stamp duty and registration fee for property in Thirumalai Nagar (Mahaveer Garden)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty, calculated at 7%, would be Rs 1,40,000, while the registration fee at 2% would be Rs 40,000, bringing the total fees to Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar (Mahaveer Garden)?

The Sub Registrar Office that covers Thirumalai Nagar (Mahaveer Garden) 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 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 a property can be registered, ensuring that the transaction is recorded accurately in the public domain.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value per sq.ft.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar (Mahaveer Garden)?

The current guideline value of Thirumalai Nagar (Mahaveer Garden) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,900 per sq.ft in 2012 to Rs 1,273 per sq.ft in 2017, then increased to Rs 1,900 per sq.ft in 2023, and finally to Rs 2,000 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Thirumalai Nagar (Mahaveer Garden)?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000, and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which Sub Registrar Office covers Thirumalai Nagar (Mahaveer Garden)?

The Ambattur Sub Registrar Office covers Thirumalai Nagar (Mahaveer Garden), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Thirumalai Nagar (Mahaveer Garden)?

Thirumalai Nagar (Mahaveer Garden) is classified as Residential Class I Type - III.