Guideline Value for Vaishnavi Nagar 2nd Street 2nd Cross Street

Vaishnavi Nagar 2nd Street 2nd Cross Street guideline value

The current guideline value for Vaishnavi Nagar 2nd Street 2nd Cross Street 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 Vaishnavi Nagar 2nd Street 2nd Cross Street has changed

The guideline value for Vaishnavi Nagar 2nd Street 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%. However, the value increased significantly to Rs 2,500 per sq.ft in 2023, and further rose to the current figure of Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% from 2012 to 2024. Notably, there are no registered figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value increased by 49%, and the jump from 2023 to 2024 represents an 8% increase. This consistent rise in the guideline value indicates a change in the valuation of properties in this area over the years.

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 area is Rs 2,400 per sq.ft, placing Vaishnavi Nagar 2nd Street 2nd Cross Street's 2024 figure above that median.

• Vaishnavi Nagar 2nd Street 1 Cross Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 2nd Street 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 2nd Street 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Nagar 2nd Street 2nd Cross Street

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, bringing the total to 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 Vaishnavi Nagar 2nd Street 2nd Cross Street?

The Sub Registrar Office that covers Vaishnavi Nagar 2nd Street 2nd Cross 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 Thirumullaivoyal

The guideline value is an essential factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling a property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Vaishnavi Nagar 2nd Street 2nd Cross Street?

The current guideline value for Vaishnavi Nagar 2nd Street 2nd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for this street?

Vaishnavi Nagar 2nd Street 2nd Cross Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000, with a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for this street?

The Ambattur Sub Registrar Office handles the registration for Vaishnavi Nagar 2nd Street 2nd Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.