Guideline Value for Thirumullaivayal Colony

Thirumullaivayal Colony guideline value

The current guideline value of Thirumullaivayal Colony, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thirumullaivayal Colony has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2017 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. The median value for these streets is Rs 2,400 per sq.ft, indicating that Thirumullaivayal Colony's 2024 figure is below this median.

• 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)
• Thirumanjakulam Nehru Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumullaivayal Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, bringing the total to Rs 1,17,000. 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 further calculations.

Which Sub Registrar Office covers Thirumullaivayal Colony?

The Thirumullaivayal Colony 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 an essential factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When buying or selling property, the guideline value helps both parties understand the minimum value of the property for registration purposes. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thirumullaivayal Colony?

The current guideline value of Thirumullaivayal Colony 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, which is an overall increase of 8%. There was no change in value from 2012 to 2023.

What is the land classification for Thirumullaivayal Colony?

The land classification for Thirumullaivayal Colony is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Thirumullaivayal Colony?

The Sub Registrar Office covering Thirumullaivayal Colony is 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.