Guideline Value for THANTHONI AMMAN KOIL 2nd STREET

THANTHONI AMMAN KOIL 2nd STREET guideline value

The current guideline value of THANTHONI AMMAN KOIL 2nd 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 is classified as Residential Class II Type - II.

How the guideline value of THANTHONI AMMAN KOIL 2nd STREET has changed

The guideline value for THANTHONI AMMAN KOIL 2nd STREET has seen several revisions over the years. In 2003, the value was Rs 85 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, the value surged to Rs 1,500 per sq.ft in 2012, but then dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,700 per sq.ft. The register has no figure for this street for the year 2002.

Between the revisions, significant changes were noted. The increase from 2023 to 2024 was +13%. The rise from 2017 to 2023 was +49%, while the value decreased by -33% from 2012 to 2017. The increase from 2007 to 2012 was notable at +400%, and from 2003 to 2007, it was +253%. Overall, from 2003 to 2024, the guideline value has increased by +1900%.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value among these streets is Rs 1,700 per sq.ft, which is equal to the 2024 figure for THANTHONI AMMAN KOIL 2nd STREET.

• THANTHONI AMMAN KOIL 1st 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 2nd STREET

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the 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, totaling Rs 1,53,000. 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 2nd STREET?

The Sub Registrar Office that covers THANTHONI AMMAN KOIL 2nd 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 plays a crucial role in property transactions in Uthandi, as it is the basis for calculating stamp duty and registration fees. When a property is sold, the guideline value or the sale price, whichever is higher, is used to determine the applicable fees.

Buyers and sellers should be aware that the guideline value is revised periodically, which can affect the costs associated with property transactions. It is essential to check the latest guideline value before proceeding with any sale or purchase.

Frequently asked questions

What is the current guideline value of THANTHONI AMMAN KOIL 2nd STREET?

The current guideline value of THANTHONI AMMAN KOIL 2nd 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 significantly from Rs 85 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, marking an overall increase of +1900% over the years.

What is the registration office for THANTHONI AMMAN KOIL 2nd STREET?

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

How is stamp duty calculated for properties in Uthandi?

Stamp duty in Uthandi is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7% of the guideline value.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using our stamp duty and registration fee calculator.