Guideline Value for ODAIKUPPAM AMMAN KOIL BACK SIDE

Odaikuppam Amman Koil Back Side guideline value

The current guideline value for Odaikuppam Amman Koil Back Side is Rs 3,520 per sq.ft, effective from 1 July 2024. This property is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and falls under the Residential Class V Type - III land classification.

How the guideline value of Odaikuppam Amman Koil Back Side has changed

Over the years, the guideline value of Odaikuppam Amman Koil Back Side has seen several revisions. The 2012 revision set the value at Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and further to Rs 3,520 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The changes between the revisions highlight a notable increase of 49% from 2017 to 2023. However, there are no registered figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for Odaikuppam Amman Koil Back Side is below this median.

• Odaikuppam Sea Shore Salai: Rs 11,000 per sq.ft (2024)
• Odaikuppam Street: Rs 3,520 per sq.ft (2024)
• N.S.K Street: Rs 7,150 per sq.ft (2024)
• N.S.K. 3rd Street: Rs 7,150 per sq.ft (2024)
• O.M.R.Road: Rs 12,650 per sq.ft (2024)
• North Tankview Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Odaikuppam Amman Koil Back Side

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. 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 Odaikuppam Amman Koil Back Side?

The Odaikuppam Amman Koil Back Side falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

When buying or selling property in Thiruvanmiyur, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Odaikuppam Amman Koil Back Side?

The current guideline value of Odaikuppam Amman Koil Back Side is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Odaikuppam Amman Koil Back Side?

The land classification for Odaikuppam Amman Koil Back Side is Residential Class V Type - III.

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

The Sub Registrar Office covering Odaikuppam Amman Koil Back Side is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at a rate of 7%.