Guideline Value for THANTHONI AMMAN KOIL STREET

Thanthoni Amman Koil Street guideline value

The current guideline value of Thanthoni Amman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Vadaagaram village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thanthoni Amman Koil Street has changed

The guideline value for Thanthoni Amman Koil Street has undergone several revisions over the years. In 2002, the value was Rs 698 per sq.ft, which increased to Rs 772 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 1,050 per sq.ft in 2007, a significant jump of 36%. By 2012, the value was Rs 4,000 per sq.ft, reflecting an increase of 281% from 2007. However, it dropped to Rs 2,680 per sq.ft in 2017, showing a decrease of 33%. The value then saw a substantial increase to Rs 4,000 per sq.ft in 2023, followed by the latest revision to Rs 4,400 per sq.ft in 2024, which is a 10% increase.

It is important to note that the register has no figures for the years not mentioned for this street. Overall, from 2002 to 2024, the guideline value has increased by 530%.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Thanthoni Amman Koil Street's 2024 figure below that median.

• Thiruvalluvarpuram 1st Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvarpuram 2nd Street: Rs 7,100 per sq.ft (2024)
• Srinivasan Street: Rs 4,400 per sq.ft (2024)
• Vada Agaram 1st Street: Rs 12,000 per sq.ft (2024)
• Vada Agaram Road: Rs 7,700 per sq.ft (2024)
• Vada Agaram Street: Rs 6,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is essential 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 Thanthoni Amman Koil Street?

The Sub Registrar Office that covers Thanthoni Amman Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Vadaagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registers.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction and that the government receives the appropriate revenue from property sales.

Frequently asked questions

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

The current guideline value of Thanthoni Amman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 698 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 530% over the years.

What is the land classification for Thanthoni Amman Koil Street?

Thanthoni Amman Koil Street is classified as Residential Class IV Type - I.

Where can I find the registration office for properties in this area?

The registration office for properties in Thanthoni Amman Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Thanthoni Amman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.