Guideline Value for THANDU MARIAMMAN KOIL STREET

Thandu Mariamman Koil Street guideline value

The current guideline value of Thandu Mariamman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Thandu Mariamman Koil Street has changed

The guideline value for Thandu Mariamman Koil Street has undergone several revisions over the years. The 2003 revision set the value at Rs 310 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2007, marking a change of +126%. The value then rose to Rs 1,500 per sq.ft in 2012, reflecting a +114% increase. However, it saw a decrease to Rs 1,005 per sq.ft in 2017, a drop of -33%. The 2023 revision brought the value up to Rs 1,500 per sq.ft, and the latest 2024 revision has set it at Rs 1,700 per sq.ft, which is a +13% increase from the previous year.

It is important to note that there is no figure available for this street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by +448%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, which is the same as the current guideline value for Thandu Mariamman Koil Street.

• THANTHONI AMMAN KOIL 1st STREET: Rs 1,700 per sq.ft (2024)
• THANTHONI AMMAN KOIL 2nd STREET: Rs 1,700 per sq.ft (2024)
• Thanthoni Amman Koil Street: Rs 1,700 per sq.ft (2024)
• The Strip: Rs 1,700 per sq.ft (2024)
• S.V.S.River View Residency: Rs 2,200 per sq.ft (2024)
• Suthananda Salai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thandu Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thandu Mariamman Koil Street?

The Sub Registrar Office that covers Thandu Mariamman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thandu Mariamman Koil Street?

The current guideline value of Thandu Mariamman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 310 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of +448% over the years.

What is the registration office for Thandu Mariamman Koil Street?

The registration office for Thandu Mariamman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty rates in Uthandi?

The stamp duty in Uthandi is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

How can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available on our site.