Guideline Value for Vanchinathan Street(senthil nagar)

Vanchinathan Street(senthil nagar) guideline value

The current guideline value of Vanchinathan Street(senthil nagar) is Rs 2,700 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 Special Type - II.

How the guideline value of Vanchinathan Street(senthil nagar) has changed

The guideline value of Vanchinathan Street(senthil nagar) has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a rise of 317%. However, in the 2017 revision, the value dropped to Rs 1,675 per sq.ft, representing a decrease of 33%. The value then rose sharply to Rs 2,500 per sq.ft in the 2023 revision, and most recently, it increased to Rs 2,700 per sq.ft in the 2024 revision, an 8% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 350%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO carrying 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, placing Vanchinathan Street(senthil nagar) above this median.

• Vani Vinayagar Street: Rs 2,400 per sq.ft (2024)
• Valmiki Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Valluvar Street (J.B. Nagar): Rs 2,400 per sq.ft (2024)
• Valluvar Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Varagraha Avenue: Rs 1,900 per sq.ft (2024)
• Vallalar Street (Ward No 7): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vanchinathan Street(senthil nagar)

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 to Rs 2,43,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Vanchinathan Street(senthil nagar)?

The Sub Registrar Office that covers Vanchinathan Street(senthil nagar) 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 when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the state government receives the appropriate revenue from property transactions, based on the established guideline values for different streets and areas.

Frequently asked questions

What is the current guideline value of Vanchinathan Street(senthil nagar)?

The current guideline value of Vanchinathan Street(senthil nagar) 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 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking a total increase of 350% over the years.

What is the land classification for Vanchinathan Street(senthil nagar)?

The land classification for Vanchinathan Street(senthil nagar) is Residential Special Type - II.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Vanchinathan Street(senthil nagar), 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 based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,89,000.