Guideline Value for Vadivel muthali Street

Vadivel muthali Street guideline value

The current guideline value of Vadivel muthali Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I.

How the guideline value of Vadivel muthali Street has changed

The guideline value of Vadivel muthali Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 4,200 per sq.ft. This was followed by a decrease to Rs 2,814 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 4,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 4,600 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 3,600 per sq.ft, placing Vadivel muthali Street's 2024 value above this median.

• Usen Street: Rs 1,600 per sq.ft (2024)
• Uppukara Street (16 Ward): Rs 1,400 per sq.ft (2024)
• Vanagaram Road: Rs 6,600 per sq.ft (2024)
• Vanchinathan Street (16 Ward Thiruvalluar Nagar): Rs 1,400 per sq.ft (2024)
• Vanniar Street (Ambattur Kuppam): Rs 3,600 per sq.ft (2024)
• Vanniar Street (Venkatarapuram): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vadivel muthali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadivel muthali Street?

The Sub Registrar Office that covers Vadivel 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When registering a property, the higher of the guideline value or the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vadivel muthali Street?

The current guideline value of Vadivel muthali Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then back to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Vadivel muthali Street?

Vadivel muthali Street is classified as Mixed Type - I.

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

The Sub Registrar Office for Vadivel 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.

How is the stamp duty calculated for properties in Vadivel muthali Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000 at 7%.