Guideline Value for THANTHONI AMMAN KOIL 1st STREET

THANTHONI AMMAN KOIL 1st STREET guideline value

The current guideline value of THANTHONI AMMAN KOIL 1st STREET is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of THANTHONI AMMAN KOIL 1st STREET has changed

The guideline value for THANTHONI AMMAN KOIL 1st STREET has undergone several revisions over the years. In 2003, the value was Rs 85 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. The following revision in 2012 saw a further increase to Rs 1,500 per sq.ft, although it dropped to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, culminating in the current rate of Rs 1,700 per sq.ft in 2024.

In terms of percentage changes, the increase from 2023 to 2024 is +13%. The value rose by +49% from 2017 to 2023, while there was a decrease of -33% from 2012 to 2017. The 2007 to 2012 revision saw a remarkable increase of +400%, and from 2003 to 2007, the value increased by +253%. Overall, from 2003 to 2024, the guideline value has increased by +1900%. Note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Uthandi

Uthandi village has a total of 197 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which matches the current value of THANTHONI AMMAN KOIL 1st STREET.

• THANTHONI AMMAN KOIL 2nd STREET: Rs 1,700 per sq.ft (2024)
• Thanthoni Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Thandu Mariamman 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 THANTHONI AMMAN KOIL 1st STREET

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, making the total Rs 1,53,000. It is important to note that the 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 THANTHONI AMMAN KOIL 1st STREET?

The Sub Registrar Office that covers THANTHONI AMMAN KOIL 1st 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Uthandi. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers must consider this value, as the duty is charged on the higher of the guideline value and the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of THANTHONI AMMAN KOIL 1st STREET?

The current guideline value of THANTHONI AMMAN KOIL 1st 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 85 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting a significant increase of +1900% over the years.

What is the land classification of THANTHONI AMMAN KOIL 1st STREET?

THANTHONI AMMAN KOIL 1st STREET is classified as Residential Class II Type - II.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for THANTHONI AMMAN KOIL 1st STREET?

The Neelankarai Sub Registrar Office handles registrations for THANTHONI AMMAN KOIL 1st STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.