Guideline Value for THANTHONIAMMAN KOIL 3rd STREET

THANTHONIAMMAN KOIL 3rd STREET guideline value

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

How the guideline value of THANTHONIAMMAN KOIL 3rd STREET has changed

Over the years, the guideline value of THANTHONIAMMAN KOIL 3rd STREET has seen significant changes. The 2007 revision set the value at Rs 950 per sq.ft, which rose dramatically to Rs 3,000 per sq.ft in the 2012 revision, marking an increase of 216%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a reduction of 33%. The following revisions saw a substantial increase, with the 2023 figure at Rs 3,000 per sq.ft, followed by a 10% increase to Rs 3,300 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, and overall, from 2007 to 2024, the guideline value has increased by 247%. The register has no figures for the years 2002 and 2003 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 3rd STREET is below this median.

• THANTHONIAMMAN KOIL 2nd 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 3rd STREET

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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 duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers THANTHONIAMMAN KOIL 3rd STREET?

THANTHONIAMMAN KOIL 3rd STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of THANTHONIAMMAN KOIL 3rd STREET?

The current guideline value of THANTHONIAMMAN KOIL 3rd 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 from Rs 950 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 247% over the years.

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

Other streets in Villivakkam with the same guideline value of Rs 3,300 per sq.ft for 2024 include THANTHONIAMMAN KOIL 1st STREET, THANTHONIAMMAN KOIL 2nd STREET, and Thanthoniamman Koil Street.

What fees are associated with buying property in THANTHONIAMMAN KOIL 3rd STREET?

When buying property in THANTHONIAMMAN KOIL 3rd STREET, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for THANTHONIAMMAN KOIL 3rd STREET?

The Sub Registrar Office covering THANTHONIAMMAN KOIL 3rd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.