Guideline Value for Vaishnavi Nagar 2nd Street 4th Cross Street

Vaishnavi Nagar 2nd Street 4th Cross Street guideline value

The current guideline value of Vaishnavi Nagar 2nd Street 4th 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 4th Cross Street has changed

The guideline value for Vaishnavi Nagar 2nd Street 4th Cross Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of 8% from the 2023 revision, where the value was Rs 2,500 per sq.ft. Prior to that, the value remained unchanged at Rs 2,500 per sq.ft during the 2012 revision. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The consistent value of Rs 2,500 per sq.ft from 2012 to 2023 indicates stability during that period, before the current increase in 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry 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 Vaishnavi Nagar 2nd Street 4th Cross Street above that median at Rs 2,700 per sq.ft.

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

Stamp duty and registration fee for property in Vaishnavi Nagar 2nd Street 4th 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 amounts to Rs 27,00,000. The stamp duty is charged at 7%, resulting in Rs 1,89,000, while the registration fee at 2% amounts to Rs 54,000. Together, the total cost for these fees is Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vaishnavi Nagar 2nd Street 4th Cross Street?

The Sub Registrar Office that covers Vaishnavi Nagar 2nd Street 4th 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 in property transactions in Thirumullaivoyal, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal documentation.

It is important to note that the guideline value may vary across different streets and areas within Thirumullaivoyal, reflecting local market conditions. Buyers and sellers should always refer to the latest guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Vaishnavi Nagar 2nd Street 4th Cross Street?

The current guideline value of Vaishnavi Nagar 2nd Street 4th 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 2023 to Rs 2,700 per sq.ft in 2024, marking an increase of 8%. It remained unchanged at Rs 2,500 per sq.ft from 2012 to 2023.

What are the other guideline values in Thirumullaivoyal?

In Thirumullaivoyal, the guideline values range from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Vaishnavi Nagar 2nd Street 4th Cross Street is above this median.

What are the fees for registering property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Where is the Sub Registrar Office located?

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