Guideline Value for Vaishnavi Nagar 6th Street Cross Street

Vaishnavi Nagar 6th Street Cross Street guideline value

The current guideline value of Vaishnavi Nagar 6th Street 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 it is classified as Residential Special Type - II.

How the guideline value of Vaishnavi Nagar 6th Street Cross Street has changed

The guideline value for Vaishnavi Nagar 6th Street Cross Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 2,500 per sq.ft. In 2017, this value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. However, in the 2024 revision, the guideline value increased significantly to Rs 2,700 per sq.ft, representing a 61% increase from 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no recorded figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a guideline value for 2024, 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, making the current guideline value for Vaishnavi Nagar 6th Street Cross Street above the median.

• Vaishnavi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Cross St.: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Nagar 6th Street 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%, which totals Rs 1,89,000, and the registration fee is 2%, amounting to Rs 54,000. Therefore, the total cost for stamp duty and registration fee together is Rs 2,43,000. It is important to note that 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 6th Street Cross Street?

The Sub Registrar Office that covers Vaishnavi Nagar 6th Street 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 plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It is used to determine the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue from property sales. Buyers and sellers should be aware of the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Vaishnavi Nagar 6th Street Cross Street?

The current guideline value of Vaishnavi Nagar 6th Street 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, and then to Rs 2,700 per sq.ft in 2024. Overall, this represents an increase of 8% from the 2012 revision to the 2024 revision.

What is the land classification for Vaishnavi Nagar 6th Street Cross Street?

Vaishnavi Nagar 6th Street Cross Street is classified as Residential Special Type - II.

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

The Sub Registrar Office covering Vaishnavi Nagar 6th Street 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.