Guideline Value for V.O.Chithambaram Street (Senthil Nagar)

V.O.Chithambaram Street (Senthil Nagar) guideline value

The current guideline value of V.O.Chithambaram Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of V.O.Chithambaram Street (Senthil Nagar) has changed

The guideline value for V.O.Chithambaram Street (Senthil Nagar) has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 2,500 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 2,700 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2023 to 2024 reflects an 8% rise. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

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 in this village is Rs 2,400 per sq.ft, placing V.O.Chithambaram Street (Senthil Nagar) above the median at Rs 2,700 per sq.ft.

• V.O.C. Nagar: Rs 2,700 per sq.ft (2024)
• V.O.C. 4th Street: Rs 2,700 per sq.ft (2024)
• V.O.C. 3rd Street: Rs 2,700 per sq.ft (2024)
• V.O.C. 2nd Street: Rs 2,700 per sq.ft (2024)
• V.O.C. 1st Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Thamarai Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.Chithambaram Street (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.O.Chithambaram Street (Senthil Nagar)?

The Sub Registrar Office that covers V.O.Chithambaram Street (Senthil Nagar) 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the established rates.

When buying or selling property, the guideline value helps in assessing the minimum value at which a property can be registered. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of V.O.Chithambaram Street (Senthil Nagar)?

The current guideline value of V.O.Chithambaram Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. Overall, from 2012 to 2024, the increase is 8% as well.

What is the land classification of V.O.Chithambaram Street (Senthil Nagar)?

V.O.Chithambaram Street (Senthil Nagar) is classified as Residential Special Type - II.

Where can I find more information about the registration office?

The Ambattur Sub Registrar Office covers V.O.Chithambaram Street (Senthil Nagar) and 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 property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.