Guideline Value for Vaishnavi Nagar 7th Street

Vaishnavi Nagar 7th Street guideline value

The current guideline value of Vaishnavi Nagar 7th 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 7th Street has changed

The guideline value for Vaishnavi Nagar 7th 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. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 shows a significant increase to Rs 2,700 per sq.ft, which represents a 61% rise from the 2017 figure.

Overall, comparing the 2012 revision to the 2024 revision, there has been a slight increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

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 is Rs 2,400 per sq.ft, placing the 2024 figure for Vaishnavi Nagar 7th Street above this median.

• Vaishnavi Nagar 6th Street Cross Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Cross St.: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 1st Cross: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Nagar 7th Street

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. Together, the total cost for stamp duty and registration fee would be 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 information.

Which Sub Registrar Office covers Vaishnavi Nagar 7th Street?

The Sub Registrar Office that covers Vaishnavi Nagar 7th 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 details.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Vaishnavi Nagar 7th Street?

The current guideline value of Vaishnavi Nagar 7th 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.

What is the land classification for Vaishnavi Nagar 7th Street?

Vaishnavi Nagar 7th Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Vaishnavi Nagar 7th Street?

The Sub Registrar Office for Vaishnavi Nagar 7th 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 Thirumullaivoyal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,89,000.