Guideline Value for Vivekanantha Street (Vivekanantha Nagar)

Vivekanantha Street (Vivekanantha Nagar) guideline value

The current guideline value of Vivekanantha Street (Vivekanantha Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Vivekanantha Street (Vivekanantha Nagar) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 2,700 per sq.ft, marking an 8% rise from the previous year. The overall change from 2012 to 2024 is also an increase of 8%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available are from 2012, 2023, and 2024.

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 is Rs 2,400 per sq.ft, placing Vivekanantha Street (Vivekanantha Nagar) above this median.

• Vivekanantha Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Vivekanantha Nagar Vaigai Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Extension: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Kanakambaram Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Lilli Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Malligai Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanantha Street (Vivekanantha Nagar)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vivekanantha Street (Vivekanantha Nagar)?

The Sub Registrar Office that covers Vivekanantha Street (Vivekanantha 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 an essential factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from property transactions. Thus, it is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vivekanantha Street (Vivekanantha Nagar)?

The current guideline value of Vivekanantha Street (Vivekanantha 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 2,500 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,700 per sq.ft in 2024, marking an 8% increase from 2023 to 2024.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which means that the guideline value of Vivekanantha Street (Vivekanantha Nagar) is above this median.

What are the stamp duty and registration fees for property in Vivekanantha Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,43,000, considering the guideline value of Rs 27,00,000.

Which office handles registrations for Vivekanantha Street (Vivekanantha Nagar)?

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