Guideline Value for THEEPANJI AMMAN KOIL STREET

Theepanji Amman Koil Street guideline value

The current guideline value of Theepanji Amman Koil Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class IV Type - I.

How the guideline value of Theepanji Amman Koil Street has changed

The guideline value for Theepanji Amman Koil Street has undergone several revisions over the years. Starting from the 2017 revision, the value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, placing Theepanji Amman Koil Street's 2024 figure below this median.

• Thekkalur Road: Rs 550 per sq.ft (2024)
• Thasildhar Quarters: Rs 550 per sq.ft (2024)
• Thanigesan Nagar: Rs 548 per sq.ft (2024)
• Thanigai Meenakshi Amman Koil Street: Rs 825 per sq.ft (2024)
• Thirukulam Area: Rs 825 per sq.ft (2024)
• Super Market: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Theepanji Amman Koil Street?

Theepanji Amman Koil Street falls under the jurisdiction of the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and fair, reflecting the value of the property accurately.

Frequently asked questions

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

The current guideline value of Theepanji Amman Koil Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and now to Rs 770 per sq.ft in 2024. This is an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Theepanji Amman Koil Street?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Theepanji Amman Koil Street?

Theepanji Amman Koil Street is covered by the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the land classification of Theepanji Amman Koil Street?

The land classification of Theepanji Amman Koil Street is Residential Class IV Type - I, which indicates its designated use for residential purposes.