Guideline Value for Vivekannanda Nagar Malligai Street

Vivekannanda Nagar Malligai Street guideline value

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

How the guideline value of Vivekannanda Nagar Malligai Street has changed

The guideline value for Vivekannanda Nagar Malligai 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 2023 revision, which was Rs 2,500 per sq.ft. Prior to that, the 2012 revision also recorded the value at Rs 2,500 per sq.ft. The register has no figures for the years 2017, 2007, 2003, and 2002.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. This reflects the changes in the property landscape, as seen in the revisions noted.

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, with a median value of Rs 2,400 per sq.ft. The guideline value of Vivekannanda Nagar Malligai Street is above this median.

• Vivekannanda Nagar Lilli Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Manoranjetham Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Kanakambaram Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Masilamani Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Extension: 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 Malligai 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 at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivekannanda Nagar Malligai Street?

The Vivekannanda Nagar Malligai 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 information.

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

The guideline value is a crucial factor in the registration process for property transactions in Thirumullaivoyal. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees applicable during the sale or purchase.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is aligned with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Vivekannanda Nagar Malligai 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, marking an 8% increase. There were no figures recorded for the years 2017, 2007, 2003, and 2002.

What is the land classification for Vivekannanda Nagar Malligai Street?

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

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

The Sub Registrar Office covering Vivekannanda Nagar Malligai Street is 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 for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000.