Guideline Value for THANTHONIAMMAN KOIL 2nd STREET

THANTHONIAMMAN KOIL 2nd STREET guideline value

The current guideline value of THANTHONIAMMAN KOIL 2nd 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 2nd STREET has changed

The guideline value for THANTHONIAMMAN KOIL 2nd STREET has undergone several revisions over the years. In 2003, the value was Rs 845 per sq.ft, which increased to Rs 950 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 3,000 per sq.ft, but this was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 is 10%. Notably, the value saw a remarkable increase of 216% from 2007 to 2012. Overall, from 2003 to 2024, the guideline value has increased by 291%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO with a 2024 guideline value range from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in the village is Rs 4,900 per sq.ft, placing THANTHONIAMMAN KOIL 2nd STREET's current value below this median.

• THANTHONIAMMAN KOIL 3rd STREET: Rs 3,300 per sq.ft (2024)
• THANTHONIAMMAN KOIL 1st 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 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers THANTHONIAMMAN KOIL 2nd STREET?

The Sub Registrar Office that covers THANTHONIAMMAN KOIL 2nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for additional information.

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

The guideline value is an essential factor when registering property transactions in Villivakkam. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two amounts. This ensures that the transaction is fairly assessed according to the established values in the area.

Frequently asked questions

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

The current guideline value of THANTHONIAMMAN KOIL 2nd 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 changed significantly over the years, increasing from Rs 845 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 291%.

What is the land classification for THANTHONIAMMAN KOIL 2nd STREET?

THANTHONIAMMAN KOIL 2nd STREET is classified as Residential Class IV Type - II.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for THANTHONIAMMAN KOIL 2nd STREET?

The Villivakkam Sub Registrar Office handles registrations for THANTHONIAMMAN KOIL 2nd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.