Guideline Value for THANTHONI AMMAN KOIL STREET

Thanthoni Amman Koil Street guideline value

The current guideline value of Thanthoni Amman 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 Thanthoni Amman Koil Street has changed

The guideline value for Thanthoni Amman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 85 per sq.ft. This increased to Rs 300 per sq.ft in 2007, followed by a significant jump to Rs 1,500 per sq.ft in 2012. However, the value decreased to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the latest revision in 2024 raised it to Rs 1,700 per sq.ft.

Between these revisions, there were notable changes: from 2003 to 2007, the guideline value increased by 253%; from 2007 to 2012, it rose by 400%; however, it dropped by 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023, and finally, it rose by 13% from 2023 to 2024. The register has no figure for this street for the year 2002.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value is Rs 1,700 per sq.ft, which is also the current guideline value for Thanthoni Amman Koil Street. Here are some other streets in Uthandi:

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

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanthoni Amman Koil Street?

The Sub Registrar Office that covers Thanthoni Amman 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthandi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the registration office uses the guideline value to calculate applicable fees such as stamp duty and registration charges. This ensures that all transactions are transparent and adhere to the regulations set by the government.

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 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 various increases and decreases across multiple revisions.

What are the other streets in Uthandi with the same guideline value?

Other streets in Uthandi with the same guideline value of Rs 1,700 per sq.ft include THANTHONI AMMAN KOIL 1st STREET, THANTHONI AMMAN KOIL 2nd STREET, The Strip, and Thandu Mariamman Koil Street.

What is the stamp duty rate for properties in Thanthoni Amman Koil Street?

The stamp duty rate for properties in Thanthoni Amman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.