Guideline Value for Vaishnavi Nagar 9th Street

Vaishnavi Nagar 9th Street guideline value

The current guideline value of Vaishnavi Nagar 9th Street 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 9th Street has changed

In the 2012 revision, the guideline value for Vaishnavi Nagar 9th Street was Rs 2,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Vaishnavi Nagar 9th Street above this median.

• Vaishnavi Nagar 8th Street 7th Cross: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 6th Cross: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 5th Cross: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar Middle Street: Rs 2,700 per sq.ft (2024)
• Vaishnavi Nagar 8th Street 4th Cross: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vaishnavi Nagar 9th 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, resulting in a total of Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vaishnavi Nagar 9th Street?

The Sub Registrar Office that covers Vaishnavi Nagar 9th 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 in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vaishnavi Nagar 9th Street?

The current guideline value of Vaishnavi Nagar 9th 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2023, and then increased to Rs 2,700 per sq.ft in 2024. Overall, this reflects an 8% increase from 2012 to 2024.

What is the land classification for Vaishnavi Nagar 9th Street?

Vaishnavi Nagar 9th Street is classified as Residential Special Type - II. This classification is important for understanding the intended use of the land.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Vaishnavi Nagar 9th Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee, which are mandatory during property transactions.