Guideline Value for Thirumullaivoil Salai

Thirumullaivoil Salai guideline value

The current guideline value of Thirumullaivoil Salai is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Thirumullaivoil Salai has changed

The guideline value for Thirumullaivoil Salai has seen several revisions over the years. The oldest recorded figure is from 2007, which was Rs 200 per sq.ft. This value increased significantly to Rs 1,400 per sq.ft in the 2012 revision, marking a change of +600%. The most recent revision in 2024 set the guideline value at Rs 1,500 per sq.ft, reflecting a +7% increase from the 2012 figure.

It is important to note that there are no recorded figures for the revisions in 2023, 2017, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +650%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Thirumullaivoil Salai's current value below that median.

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

Stamp duty and registration fee for property in Thirumullaivoil Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty, charged at 7%, would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for these fees would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirumullaivoil Salai?

The Sub Registrar Office that covers Thirumullaivoil Salai is the Ambattur Sub Registrar Office. The address is 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 registering property transactions in Thirumullaivoyal. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately in government registers. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Thirumullaivoil Salai?

The current guideline value of Thirumullaivoil Salai is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of +650%.

What is the land classification for Thirumullaivoil Salai?

Thirumullaivoil Salai is classified as Residential Class III Type - II.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Thirumullaivoil Salai is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thirumullaivoil Salai?

The Sub Registrar Office for Thirumullaivoil Salai is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.