Guideline Value for Venkateswara Nagar Ayyappan Street

Venkateswara Nagar Ayyappan Street guideline value

The current guideline value for Venkateswara Nagar Ayyappan Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - III.

How the guideline value of Venkateswara Nagar Ayyappan Street has changed

In the 2012 revision, the guideline value was Rs 1,900 per sq.ft. This figure decreased to Rs 1,273 per sq.ft in the 2017 revision, marking a decline of 33%. However, the latest revision in 2024 shows an increase to Rs 2,000 per sq.ft, representing a significant rise of 57% from the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of 5% in the guideline value.

The register does not have figures for the years 2002, 2003, 2007, and 2023 for Venkateswara Nagar Ayyappan 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. The median guideline value in this village is Rs 2,400 per sq.ft, making the current value of Venkateswara Nagar Ayyappan Street below that median.

• Venkateswara Nagar Ext 1 Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar Ext 2 Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar Ext 3 Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar 3rd Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar 2nd Street: Rs 2,000 per sq.ft (2024)
• Venkateswara Nagar 1st Street: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Venkateswara Nagar Ayyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total cost for these fees to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Venkateswara Nagar Ayyappan Street?

The Venkateswara Nagar Ayyappan Street falls under the jurisdiction of 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 details.

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

The guideline value is a crucial factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential costs in the transaction process. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Venkateswara Nagar Ayyappan Street?

The current guideline value of Venkateswara Nagar Ayyappan Street is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the 2012 revision at Rs 1,900 per sq.ft, dropping to Rs 1,273 per sq.ft in 2017, and then rising to Rs 2,000 per sq.ft in 2024.

What is the land classification of Venkateswara Nagar Ayyappan Street?

Venkateswara Nagar Ayyappan Street is classified as Residential Class I Type - III.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Venkateswara Nagar Ayyappan Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 20,00,000, the total fees would amount to Rs 1,80,000.