Guideline Value for Thirumullaivayal Colony Colony (Thiruvallar Street)

Thirumullaivayal Colony Colony (Thiruvallar Street) guideline value

The current guideline value of Thirumullaivayal Colony Colony (Thiruvallar Street) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class IV Type - I land classification.

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

The guideline value for this street has seen several revisions over the years. The 2012 revision recorded a guideline value of Rs 1,200 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

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, positioning Thirumullaivayal Colony Colony (Thiruvallar Street) below this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

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

The Thirumullaivayal Colony Colony (Thiruvallar Street) is covered by 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 when buying or selling property in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees payable during the registration process.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thirumullaivayal Colony Colony (Thiruvallar Street)?

The current guideline value of Thirumullaivayal Colony Colony (Thiruvallar 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 increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 8% over this period. There were no changes recorded for the years 2003, 2007, and 2017.

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

This street falls under the Residential Class IV Type - I land classification, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Thirumullaivayal Colony Colony (Thiruvallar Street)?

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 Sub Registrar Office covers this area?

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