Guideline Value for Vivekannanda Nagar Kanakambaram Street

Vivekannanda Nagar Kanakambaram Street guideline value

The current guideline value of Vivekannanda Nagar Kanakambaram Street 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 Vivekannanda Nagar Kanakambaram Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year. Overall, from 2012 to 2024, there has been an 8% increase in the guideline value.

The register does not have 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, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,400 per sq.ft, and the guideline value for Vivekannanda Nagar Kanakambaram Street is above this median.

• Vivekannanda Nagar Extension: 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)
• Vivekannanda Nagar Manoranjetham Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Masilamani Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Mullai Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekannanda Nagar Kanakambaram Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekannanda Nagar Kanakambaram Street?

The Vivekannanda Nagar Kanakambaram Street falls under 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 crucial factor when registering property transactions in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vivekannanda Nagar Kanakambaram Street?

The current guideline value of Vivekannanda Nagar Kanakambaram Street 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 and 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification for this street?

Vivekannanda Nagar Kanakambaram Street is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Vivekannanda Nagar Kanakambaram Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

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 property with a guideline value of Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.