Guideline Value for Thiruvengada muthali Street

Thiruvengada muthali Street guideline value

The current guideline value of Thiruvengada muthali Street is Rs 5,100 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thiruvengada muthali Street has changed

The guideline value for Thiruvengada muthali Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,700 per sq.ft, which then decreased to Rs 3,149 per sq.ft in the 2017 revision. However, this figure rose significantly to Rs 4,700 per sq.ft in 2023, and the most recent revision in 2024 has increased it further to Rs 5,100 per sq.ft, marking a 9% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 9%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, placing Thiruvengada muthali Street's 2024 figure above that median.

• Thiruvengada Nagar 1st Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 2nd Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 3rd Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 4th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 5th Street: Rs 5,100 per sq.ft (2024)
• Thiruvengada Nagar 6th Street: Rs 5,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengada muthali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,100 per sq.ft, the total guideline value would be Rs 51,00,000. The stamp duty at 7% would amount to Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, making the total cost Rs 4,59,000. 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 precise calculations.

Which Sub Registrar Office covers Thiruvengada muthali Street?

The Sub Registrar Office that covers Thiruvengada muthali 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 more details.

How the guideline value is used when you buy or sell in Ambattur

The guideline value is a critical component in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is documented at a fair value, reflecting the official rates set by the government. This helps in maintaining transparency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Thiruvengada muthali Street?

The current guideline value of Thiruvengada muthali Street is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2012 to Rs 3,149 per sq.ft in 2017, then increased to Rs 4,700 per sq.ft in 2023, and finally to Rs 5,100 per sq.ft in 2024.

What are the other streets with the same guideline value in Ambattur?

Other streets in Ambattur with the same guideline value of Rs 5,100 per sq.ft include Thiruvengada Nagar 1st, 2nd, 3rd, 4th, 5th, and 6th Streets.

What is the registration fee for property in Thiruvengada muthali Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 51,00,000, the registration fee would be Rs 1,02,000.

Where can I find the Sub Registrar Office for Thiruvengada muthali Street?

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