Guideline Value for Vivekannanda Nagar Masilamani Street

Vivekannanda Nagar Masilamani Street guideline value

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

The guideline value for this street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, positioning Vivekannanda Nagar Masilamani Street above this median.

• Vivekannanda Nagar Manoranjetham Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Mullai Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Malligai Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Parijatham Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Lilli Street: Rs 2,700 per sq.ft (2024)
• Vivekannanda Nagar Roja Street: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Therefore, the total cost for stamp duty and registration would be Rs 2,43,000. It is important to note that 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 Masilamani Street?

The Vivekannanda Nagar Masilamani 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is conducted fairly and transparently, in accordance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Vivekannanda Nagar Masilamani 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 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Vivekannanda Nagar Masilamani Street?

Vivekannanda Nagar Masilamani Street is classified as Residential Special Type - II.

What is the registration office for properties in this area?

The registration office for properties in Vivekannanda Nagar Masilamani Street 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 is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 27,00,000, the stamp duty would be calculated at 7% of this amount.