Guideline Value for Vaishnavi Nagar 8th Cross St.

Vaishnavi Nagar 8th Cross St. guideline value

The current guideline value of Vaishnavi Nagar 8th Cross St. is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Vaishnavi Nagar 8th Cross St. has changed

The guideline value for Vaishnavi Nagar 8th Cross St. has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 666 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 275% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a 33% drop. The most recent revision in 2024 saw the value rise again to Rs 2,700 per sq.ft, representing a 61% increase from the 2017 figure.

It is important to note that there are no recorded guideline values for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 305%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have 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 Vaishnavi Nagar 8th Cross St. above this median.

• Vaishnavi Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 6th Street Cross Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 1st Cross: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 2nd Cross: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Nagar 8th 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 cost for these fees 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 8th Cross St.?

The Vaishnavi Nagar 8th Cross St. is covered by 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 in the registration process for property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the registration office will use the guideline value to calculate the applicable charges. This ensures that the fees are based on a standardized value, reflecting the current market conditions as set by the registration department.

Frequently asked questions

What is the current guideline value of Vaishnavi Nagar 8th Cross St.?

The current guideline value of Vaishnavi Nagar 8th 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 666 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 305% across the revisions.

What is the land classification for Vaishnavi Nagar 8th Cross St.?

Vaishnavi Nagar 8th Cross St. is classified as Residential Special Type - II.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is 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 Vaishnavi Nagar 8th Cross St.?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 2,43,000 for stamp duty and registration.