Guideline Value for Vaishnavi Nagar 6th Street

Vaishnavi Nagar 6th Street guideline value

The current guideline value of Vaishnavi Nagar 6th 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 6th Street has changed

The guideline value for Vaishnavi Nagar 6th Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft. This decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the guideline value to Rs 2,700 per sq.ft, marking a 61% increase from the 2017 figure and an overall increase of 8% from the 2012 figure.

It's important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for Vaishnavi Nagar 6th Street. This lack of data means that the changes in guideline value from those years cannot be assessed.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 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 across these streets is Rs 2,400 per sq.ft, indicating that Vaishnavi Nagar 6th Street's current rate of Rs 2,700 per sq.ft is above the median.

• Vaishnavi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 6th Street Cross Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 3rd Street 3rd cross St.: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Cross St.: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Nagar 6th 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, leading to a total of Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vaishnavi Nagar 6th Street?

The Sub Registrar Office that covers Vaishnavi Nagar 6th 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 crucial factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the registry.

When a buyer or seller approaches the registration office, the guideline value will be referenced to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

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

The current guideline value of Vaishnavi Nagar 6th 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 increased to Rs 2,700 per sq.ft in 2024. There are no figures available for the revisions in 2023, 2007, 2003, and 2002.

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

Vaishnavi Nagar 6th Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What is the stamp duty rate for property transactions in Vaishnavi Nagar 6th Street?

The stamp duty rate for property transactions in Vaishnavi Nagar 6th Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for properties in Vaishnavi Nagar 6th Street?

The Ambattur Sub Registrar Office handles registrations for properties in Vaishnavi Nagar 6th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.