Guideline Value for Vivekannanda Nagar Lilli Street

Vivekannanda Nagar Lilli Street guideline value

The current guideline value of Vivekannanda Nagar Lilli Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Vivekannanda Nagar Lilli Street has changed

The guideline value for Vivekannanda Nagar Lilli Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase of 8% from the previous year's figure of Rs 2,500 per sq.ft established in 2023. Prior to that, the guideline value remained unchanged at Rs 2,500 per sq.ft since the 2012 revision. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The consistent value from 2012 to 2023 indicates stability in this period, with the significant change occurring in the latest revision.

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 the village is Rs 2,400 per sq.ft, placing Vivekannanda Nagar Lilli Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty, charged at 7%, would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, these fees total Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vivekannanda Nagar Lilli Street?

The Vivekannanda Nagar Lilli Street falls under the jurisdiction of the Ambattur Sub Registrar Office. The office is 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 serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, it is important to be aware that the guideline value may influence the final sale price. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Vivekannanda Nagar Lilli 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 2023 to Rs 2,700 per sq.ft in 2024, reflecting an increase of 8%. The value remained at Rs 2,500 per sq.ft from 2012 to 2023.

What is the land classification for Vivekannanda Nagar Lilli Street?

The land classification for Vivekannanda Nagar Lilli Street is Residential Special Type - II, indicating its designation for residential use.

Which office handles registrations for this street?

The Ambattur Sub Registrar Office handles registrations for Vivekannanda Nagar Lilli Street, 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 27,00,000, leading to a stamp duty of Rs 1,89,000.