Guideline Value for THANDUMARIYAMMAN KOIL STREET

Thandumariyamman Koil Street guideline value

The current guideline value of Thandumariyamman Koil Street is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thandumariyamman Koil Street has changed

The guideline value for Thandumariyamman Koil Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a significant increase of 100%. The most recent revision in 2024 set the guideline value at Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 102%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, which is the same as the guideline value for Thandumariyamman Koil Street.

• Thachan Street: Rs 101 per sq.ft (2024)
• Thiropathiamman Koil Street: Rs 350 per sq.ft (2024)
• Sundivakathar Street: Rs 200 per sq.ft (2024)
• Sumangali Nagar: Rs 101 per sq.ft (2024)
• VADACOLONY 1st STREET: Rs 101 per sq.ft (2024)
• Vadakku Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thandumariyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, making the total fees Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thandumariyamman Koil Street?

The Sub Registrar Office that covers Thandumariyamman Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor in the registration process when buying or selling property in Cheyyur - A. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thandumariyamman Koil Street?

The current guideline value of Thandumariyamman Koil Street is Rs 101 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 102% to Rs 101 per sq.ft in 2024. It rose from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and then to Rs 101 per sq.ft in 2024.

What is the land classification for Thandumariyamman Koil Street?

Thandumariyamman Koil Street is classified as Residential Class IV Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% on the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,090.

Where is the Sub Registrar Office located for this street?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone, which handles registrations for Thandumariyamman Koil Street.