Guideline Value for Vaishnavi Nagar 4th Street

Vaishnavi Nagar 4th Street guideline value

The current guideline value of Vaishnavi Nagar 4th 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 the land classification is Residential Special Type - II.

How the guideline value of Vaishnavi Nagar 4th Street has changed

The guideline value for Vaishnavi Nagar 4th 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 the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 2,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 49%. The change from 2023 to 2024 reflects an increase of 8%. Overall, the guideline value has increased by 8% from 2012 to 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 value for these streets is Rs 2,400 per sq.ft, placing the 2024 guideline value of Vaishnavi Nagar 4th Street above this median.

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

Stamp duty and registration fee for property in Vaishnavi Nagar 4th 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 at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vaishnavi Nagar 4th Street?

The Sub Registrar Office that covers Vaishnavi Nagar 4th 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 a critical factor in the registration process for property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should consider this value when negotiating sale prices, as the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Vaishnavi Nagar 4th 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 are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 2,43,000.

Which office handles registrations for Vaishnavi Nagar 4th Street?

The Ambattur Sub Registrar Office handles registrations for Vaishnavi Nagar 4th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, with Vaishnavi Nagar 4th Street's 2024 value being above this median.