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Guideline Value

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Guideline Value for Venkteswara Street (Ward No.9)

₹2000/sq.ft.

The guideline value for Venkteswara Street (ward No.9) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2000 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2000 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Venkteswara Street (ward No.9)

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Venkteswara Street (Ward No.9) guideline value

The current guideline value of Venkteswara Street (Ward No.9) is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Venkteswara Street (Ward No.9) has changed

In the 2012 revision, the guideline value for Venkteswara Street was Rs 1,900 per sq.ft. This figure remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 2,000 per sq.ft, marking a 5% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 5%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

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 guideline value for these streets is Rs 2,400 per sq.ft, making the 2024 figure for Venkteswara Street below that median.

Stamp duty and registration fee for property in Venkteswara Street (Ward No.9)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, together totaling 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.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Venkteswara Street (Ward No.9)?

The Sub Registrar Office covering Venkteswara Street (Ward No.9) 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 amount of stamp duty and registration fees payable, ensuring that these fees are calculated based on a standardized value.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Venkteswara Street (Ward No.9)?

The current guideline value of Venkteswara Street (Ward No.9) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 1,900 per sq.ft. However, in the 2024 revision, it increased to Rs 2,000 per sq.ft, marking a 5% increase from the previous year.

What is the land classification for Venkteswara Street?

Venkteswara Street (Ward No.9) is classified under Residential Class I Type - III. This classification is important for understanding the types of developments allowed in the area.

Where can I find the Sub Registrar Office for Venkteswara Street?

The Sub Registrar Office for Venkteswara Street (Ward No.9) is the Ambattur Sub Registrar Office, 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 for properties in Thirumullaivoyal is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee, which are essential for legal property transactions.