Guideline Value for Vaishnavi Nagar 3rd Street 3rd cross St.

Vaishnavi Nagar 3rd Street 3rd cross St. guideline value

The current guideline value of Vaishnavi Nagar 3rd Street 3rd cross St. is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Vaishnavi Nagar 3rd Street 3rd cross St. has changed

The guideline value of Vaishnavi Nagar 3rd Street 3rd cross St. has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision has raised it to Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no 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 value for these streets is Rs 2,400 per sq.ft, placing Vaishnavi Nagar 3rd Street 3rd cross St. above this median at Rs 2,700 per sq.ft.

• Vaishnavi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 2nd Street 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 2nd Street 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Nagar 3rd Street 3rd cross St.

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 fees together 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vaishnavi Nagar 3rd Street 3rd cross St.?

The Sub Registrar Office that covers Vaishnavi Nagar 3rd Street 3rd cross St. 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 critical factor when buying or selling property in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead of the sale price.

Frequently asked questions

What is the current guideline value of Vaishnavi Nagar 3rd Street 3rd cross St.?

The current guideline value of Vaishnavi Nagar 3rd Street 3rd cross St. 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, and then it increased to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 set it at Rs 2,700 per sq.ft.

What is the land classification for this area?

The land classification for Vaishnavi Nagar 3rd Street 3rd cross St. is Residential Special Type - II. This classification impacts the guideline value and the types of properties allowed in the area.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%. This rate is applied to the higher of the guideline value or the sale price during the registration process.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Vaishnavi Nagar 3rd Street 3rd cross St. is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.