Guideline Value for THANTHONIAMMAN KOIL 1st STREET

THANTHONIAMMAN KOIL 1st STREET guideline value

The current guideline value of THANTHONIAMMAN KOIL 1st STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of THANTHONIAMMAN KOIL 1st STREET has changed

The guideline value for THANTHONIAMMAN KOIL 1st STREET has undergone several revisions over the years. In the 2007 revision, the value was Rs 950 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 216% rise. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,300 per sq.ft in the 2024 revision, which represents a 10% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 247%. It should be noted that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value of THANTHONIAMMAN KOIL 1st STREET is below this median.

• THANTHONIAMMAN KOIL 2nd STREET: Rs 3,300 per sq.ft (2024)
• THANTHONIAMMAN KOIL 3rd STREET: Rs 3,300 per sq.ft (2024)
• Thanthoniamman Koil Street: Rs 3,300 per sq.ft (2024)
• THENDRAL COLONY 1st STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 2nd STREET: Rs 6,600 per sq.ft (2024)
• THENDRAL COLONY 3rd STREET: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in THANTHONIAMMAN KOIL 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. 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 THANTHONIAMMAN KOIL 1st STREET?

THANTHONIAMMAN KOIL 1st STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Villivakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the sale. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for THANTHONIAMMAN KOIL 1st STREET?

The current guideline value for THANTHONIAMMAN KOIL 1st STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 950 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 247%.

What is the land classification for THANTHONIAMMAN KOIL 1st STREET?

THANTHONIAMMAN KOIL 1st STREET is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for this street?

The Villivakkam Sub Registrar Office covers THANTHONIAMMAN KOIL 1st STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.