Guideline Value for Thirumullaivayal Colony (Perumalkoil Street)

Thirumullaivayal Colony (Perumalkoil Street) guideline value

The current guideline value for Thirumullaivayal Colony (Perumalkoil 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 (Perumalkoil Street) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. However, in the latest 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% rise from the previous year. The revisions for the years 2002, 2003, 2007, and 2017 have no figures recorded for this street.

Overall, from the 2012 revision to the 2024 revision, there has been an increase of 8% in the guideline value. The change from 2023 to 2024 reflects an increase of 8% as well, indicating a notable adjustment in the guideline value for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village comprises 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as of 2024. The median guideline value for the village is Rs 2,400 per sq.ft, placing the guideline value for Thirumullaivayal Colony (Perumalkoil Street) below this median.

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

Stamp duty and registration fee for property in Thirumullaivayal Colony (Perumalkoil 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 is calculated at 7%, resulting in Rs 91,000, while the registration fee at 2% amounts to Rs 26,000. Together, these fees total Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Thirumullaivayal Colony (Perumalkoil Street) is 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. 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 critical factor in property transactions in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8%. The value remained unchanged at Rs 1,200 per sq.ft from 2012 to 2023.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Thirumullaivayal Colony?

The Ambattur Sub Registrar Office is responsible for property registrations in Thirumullaivayal Colony. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Thirumullaivayal Colony?

The land classification for Thirumullaivayal Colony is Residential Class IV Type - I, indicating its suitability for residential development.