Guideline Value for Peeli Amman Koil Street

Peeli Amman Koil Street guideline value

The current guideline value of Peeli Amman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Peeli Amman Koil Street has changed

The guideline value for Peeli Amman Koil Street has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 159 per sq.ft. This increased to Rs 450 per sq.ft in 2003, marking a growth of 183%. The value then rose dramatically to Rs 1,250 per sq.ft in 2007, an increase of 178%. In 2012, the value was Rs 3,000 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision saw a return to growth, with the value set at Rs 2,010 per sq.ft, a 49% increase from 2012. The 2023 revision brought the value to Rs 3,000 per sq.ft, and the most recent revision in 2024 has established it at Rs 3,300 per sq.ft, a 10% increase from the previous year.

There are no figures available for revisions in years not listed. Overall, from 2002 to 2024, the guideline value has increased by 1,975%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, placing Peeli Amman Koil Street's 2024 value above this median.

• Periyar Street: Rs 3,300 per sq.ft (2024)
• Pandiyan Street: Rs 2,800 per sq.ft (2024)
• Perumal Koil Street: Rs 2,800 per sq.ft (2024)
• Pammal Nallathambi Street: Rs 2,200 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 3,300 per sq.ft (2024)
• Radhakrishnan Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Peeli Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Peeli Amman Koil Street?

The Sub Registrar Office that covers Peeli Amman Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Tharamani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Peeli Amman Koil Street?

The current guideline value of Peeli Amman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 159 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,975% over this period.

What is the land classification of Peeli Amman Koil Street?

Peeli Amman Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Tamil Nadu is typically 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles property registrations for Peeli Amman Koil Street and surrounding areas.