Guideline Value for Valluvar Street (J.B. Nagar)

Valluvar Street (J.B. Nagar) guideline value

The current guideline value for Valluvar Street (J.B. Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Valluvar Street (J.B. Nagar) has changed

The guideline value for Valluvar Street (J.B. Nagar) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase of 9% from the 2023 revision, which was Rs 2,200 per sq.ft. The 2012 revision also recorded a value of Rs 2,200 per sq.ft, indicating no change from that year to 2023.

Prior to 2012, the register has no figures for the years 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values 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, which matches the current value for Valluvar Street (J.B. Nagar).

• Valluvar Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Valmiki Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Vanchinathan Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Vani Vinayagar Street: Rs 2,400 per sq.ft (2024)
• Vallalar Street (Ward No 7): Rs 2,000 per sq.ft (2024)
• Vallalar Street (senthil nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Valluvar Street (J.B. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Valluvar Street (J.B. Nagar)?

Valluvar Street (J.B. Nagar) 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. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value plays a crucial role during property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Valluvar Street (J.B. Nagar)?

The current guideline value for Valluvar Street (J.B. Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, marking a 9% increase. It remained at Rs 2,200 per sq.ft from 2012 to 2023.

What is the land classification for Valluvar Street (J.B. Nagar)?

Valluvar Street (J.B. Nagar) is classified as Residential Class I Type - I. This classification is important for understanding the zoning regulations applicable to the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,16,000.

Which office handles registrations for Valluvar Street (J.B. Nagar)?

The Ambattur Sub Registrar Office handles registrations for Valluvar Street (J.B. Nagar). It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.