Guideline Value for Thirumullaivayal Colony (Iyyanar Street)

Thirumullaivayal Colony (Iyyanar Street) guideline value

The current guideline value for Thirumullaivayal Colony (Iyyanar Street) is Rs 1,300 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 Class IV Type - I.

How the guideline value of Thirumullaivayal Colony (Iyyanar Street) has changed

In the 2012 revision, the guideline value for Thirumullaivayal Colony (Iyyanar Street) was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 1,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year. The overall change from 2012 to 2024 reflects an 8% increase as well.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available are from 2012, 2023, and 2024.

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. Thirumullaivayal Colony (Iyyanar Street) has a guideline value below this median.

• Thirumullaivayal Colony Colony (Thiruvallar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Perumalkoil Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony (Ambedkar Street): Rs 1,300 per sq.ft (2024)
• Thirumullaivayal Colony: Rs 1,300 per sq.ft (2024)
• Thirumullaivoil Salai: Rs 1,500 per sq.ft (2024)
• Thirumanjakulam Nehru Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumullaivayal Colony (Iyyanar Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. It is important to note that the 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 information on calculating fees.

Which Sub Registrar Office covers Thirumullaivayal Colony (Iyyanar Street)?

The Sub Registrar Office that covers Thirumullaivayal Colony (Iyyanar 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 further assistance.

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 reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buyers or sellers engage in a property transaction, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. This helps maintain transparency and compliance within the real estate market.

Frequently asked questions

What is the current guideline value for Thirumullaivayal Colony (Iyyanar Street)?

The current guideline value for Thirumullaivayal Colony (Iyyanar Street) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 8%, from Rs 1,200 per sq.ft to Rs 1,300 per sq.ft.

What is the land classification for Thirumullaivayal Colony (Iyyanar Street)?

The land classification for Thirumullaivayal Colony (Iyyanar Street) is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Thirumullaivayal Colony (Iyyanar Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumullaivayal Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.