Guideline Value for Vaishnavi Nagar 8th Street 2nd Cross

Vaishnavi Nagar 8th Street 2nd Cross guideline value

The current guideline value of Vaishnavi Nagar 8th Street 2nd Cross is Rs 2,700 per sq.ft. This property is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Vaishnavi Nagar 8th Street 2nd Cross has changed

The guideline value for Vaishnavi Nagar 8th Street 2nd Cross has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of 8% from Rs 2,500 per sq.ft in the 2023 revision. Prior to that, the guideline value remained unchanged at Rs 2,500 per sq.ft since the 2012 revision.

There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

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 for these streets is Rs 2,400 per sq.ft, making the current guideline value of Vaishnavi Nagar 8th Street 2nd Cross above this median.

• Vaishnavi Nagar 8th Street 1st Cross: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 3rd Cross: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 4th Cross: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Cross St.: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 5th Cross: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Nagar 8th Street 2nd Cross

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 fees to Rs 2,43,000. 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 Street 2nd Cross?

The Sub Registrar Office that covers Vaishnavi Nagar 8th Street 2nd Cross 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 registered, ensuring that the registration fees and stamp duties are calculated fairly based on this established value.

When buying or selling property, the guideline value is used to assess the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vaishnavi Nagar 8th Street 2nd Cross?

The current guideline value of Vaishnavi Nagar 8th Street 2nd Cross is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. The value remained unchanged at Rs 2,500 per sq.ft from 2012 to 2023.

What is the land classification of Vaishnavi Nagar 8th Street 2nd Cross?

Vaishnavi Nagar 8th Street 2nd Cross is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty rates applicable in Thirumullaivoyal?

The stamp duty rate applicable in Thirumullaivoyal is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for my property?

The Sub Registrar Office covering Vaishnavi Nagar 8th Street 2nd Cross is the Ambattur Sub Registrar Office. You can find more information about your specific SRO by using the provided link.