Guideline Value

Corporate

Guideline Value for THERUVEETHIAMMAN KOIL 1ST SALAI

₹1650/sq.ft.

The guideline value for Theruveethiamman Koil 1st Salai in Kolathuvancheri village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathuvancheri

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Theruveethiamman Koil 1st Salai

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Theruveethiamman Koil 1st Salai guideline value

The current guideline value of Theruveethiamman Koil 1st Salai is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Theruveethiamman Koil 1st Salai has changed

The guideline value for Theruveethiamman Koil 1st Salai has seen several revisions over the years. The earliest recorded figure in the register is from 2012, where the guideline value was Rs 1,500 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 1,005 per sq.ft. Following this, there was a significant increase to Rs 1,500 per sq.ft in 2023, and then it further increased by 10% to Rs 1,650 per sq.ft in the 2024 revision.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current guideline value for Theruveethiamman Koil 1st Salai.

Stamp duty and registration fee for property in Theruveethiamman Koil 1st Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Theruveethiamman Koil 1st Salai?

The Sub Registrar Office that covers Theruveethiamman Koil 1st Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, 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 Kolathuvancheri

The guideline value is a crucial factor when buying or selling property in Kolathuvancheri. It serves as a benchmark for determining the minimum sale price of a property and is used to calculate the stamp duty and registration fees applicable during the registration process.

When you register a property transaction, the guideline value is compared with the actual sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for Theruveethiamman Koil 1st Salai?

The current guideline value for Theruveethiamman Koil 1st Salai is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Theruveethiamman Koil 1st Salai?

Theruveethiamman Koil 1st Salai is classified as Residential Class III Type - I.

What is the stamp duty rate in Kolathuvancheri?

The stamp duty rate in Kolathuvancheri is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Theruveethiamman Koil 1st Salai?

The Sub Registrar Office for Theruveethiamman Koil 1st Salai is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.