Guideline Value for Thirumanjakulam Nehru Street

Thirumanjakulam Nehru Street guideline value

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

How the guideline value of Thirumanjakulam Nehru Street has changed

The guideline value for Thirumanjakulam Nehru Street has undergone revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, which is an increase from Rs 1,500 per sq.ft recorded in the 2012 revision, marking a change of +7%. The register has no figure for this street for the years 2023, 2017, 2007, 2003, and 2002.

To summarize, the guideline value for Thirumanjakulam Nehru Street was Rs 1,500 per sq.ft in 2012 and has now increased to Rs 1,600 per sq.ft in 2024. The absence of recorded figures in the intervening years indicates that the value remained unchanged during that period.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing Thirumanjakulam Nehru Street's 2024 figure below this median.

• Thirumullaivayal Colony: Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Ambedkar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony Colony (Thiruvallar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Iyyanar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Perumalkoil Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivoil Salai: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumanjakulam Nehru Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, totaling Rs 1,44,000. 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 Thirumanjakulam Nehru Street?

The Sub Registrar Office that covers Thirumanjakulam Nehru Street 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 is a crucial factor during the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the local market conditions. This value is used to calculate the necessary taxes and fees, making it essential for both buyers and sellers to be aware of the current rates.

Frequently asked questions

What is the current guideline value of Thirumanjakulam Nehru Street?

The current guideline value of Thirumanjakulam Nehru Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting a +7% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification of Thirumanjakulam Nehru Street?

Thirumanjakulam Nehru Street is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is typically charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can visit the office for any registration-related queries.