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Guideline Value

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Guideline Value for Vaishnavi Nagar 8th Street 4th Cross

₹2700/sq.ft.

The guideline value for Vaishnavi Nagar 8th Street 4th Cross in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vaishnavi Nagar 8th Street 4th Cross

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Vaishnavi Nagar 8th Street 4th Cross guideline value

The current guideline value of Vaishnavi Nagar 8th Street 4th Cross is Rs 2,700 per sq.ft, effective from 1 July 2024. 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 4th Cross has changed

Since the 2012 revision, the guideline value for Vaishnavi Nagar 8th Street 4th Cross has seen an increase of 8%, moving from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024. The 2023 revision recorded a value of Rs 2,500 per sq.ft, indicating no change from the previous year. Additionally, there are no figures available for the revisions in 2002, 2003, 2007, and 2017.

To summarize the revisions: In 2012, the value was Rs 2,500 per sq.ft. This remained unchanged through the 2023 revision. The 2024 revision saw an increase to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value 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, placing the 2024 value of Vaishnavi Nagar 8th Street 4th Cross above this median.

Stamp duty and registration fee for property in Vaishnavi Nagar 8th Street 4th 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, while the registration fee at 2% would be Rs 54,000, bringing the total 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vaishnavi Nagar 8th Street 4th Cross?

The Sub Registrar Office that covers Vaishnavi Nagar 8th Street 4th 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 critical factor in the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value, as it influences the final sale price and the associated costs. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vaishnavi Nagar 8th Street 4th Cross?

The current guideline value of Vaishnavi Nagar 8th Street 4th 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 has increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% over this period.

What is the land classification for Vaishnavi Nagar 8th Street 4th Cross?

Vaishnavi Nagar 8th Street 4th Cross 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 8th Street 4th Cross 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 at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.