Guideline Value

Corporate

Guideline Value for Velammal New Town

₹2400/sq.ft.

The guideline value for Velammal New Town in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹80 /sq.ft.
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 Velammal New Town

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Velammal New Town guideline value

The current guideline value of Velammal New Town is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Velammal New Town has changed

The guideline value for Velammal New Town has undergone several revisions over the years. In 2003, the value was Rs 80 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 2,200 per sq.ft, but by 2017, it decreased to Rs 1,474 per sq.ft. The guideline value then rose to Rs 2,200 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2900%. The register has no figure for this street in 2002. The changes between revisions are notable, with the most significant increase occurring from 2007 to 2012, where the value rose by 1000%.

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 value is Rs 2,400 per sq.ft, which matches the current guideline value of Velammal New Town.

Stamp duty and registration fee for property in Velammal New Town

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be 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 details.

Which Sub Registrar Office covers Velammal New Town?

The Sub Registrar Office that covers Velammal New Town 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 plays a crucial role in property transactions in Thirumullaivoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of these values ensures compliance with local regulations and helps facilitate a smoother property transfer process.

Frequently asked questions

What is the current guideline value of Velammal New Town?

The current guideline value of Velammal New Town 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 changed significantly, from Rs 80 per sq.ft in 2003 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 2900%.

What are the stamp duty rates for property in Velammal New Town?

The stamp duty rate for property in Velammal New Town is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Velammal New Town located?

The Sub Registrar Office for Velammal New Town is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically to reflect changes in the market.