Guideline Value for THERUVEETHIAMMAN KOIL 2ND SALAI

Theruveethiamman Koil 2nd Salai guideline value

The current guideline value of Theruveethiamman Koil 2nd 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 2nd Salai has changed

The guideline value for Theruveethiamman Koil 2nd Salai has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in 2017. Subsequently, the value increased to Rs 1,500 per sq.ft in 2023 and further rose to Rs 1,650 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The latest revision from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a modest 10% increase.

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 value for these streets is Rs 1,650 per sq.ft, which is equal to the current value of Theruveethiamman Koil 2nd Salai.

• Theruveethiamman Koil 1st Salai: Rs 1,650 per sq.ft (2024)
• Theruveethiamman Koil Street: Rs 1,650 per sq.ft (2024)
• Thieruveethiamman Koil 3rd Salai: Rs 1,650 per sq.ft (2024)
• Subbaiah Nagar: Rs 1,320 per sq.ft (2024)
• S.S.K. Avenue 2nd Street: Rs 1,320 per sq.ft (2024)
• S.S.K. Avenue 1st Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Theruveethiamman Koil 2nd Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Theruveethiamman Koil 2nd Salai?

The Sub Registrar Office that covers Theruveethiamman Koil 2nd 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 specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kolathuvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling a property, the guideline value helps in calculating the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction. Proper understanding of this value ensures that both parties are informed and can make appropriate decisions during the registration process.

Frequently asked questions

What is the current guideline value of Theruveethiamman Koil 2nd Salai?

The current guideline value of Theruveethiamman Koil 2nd 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 median guideline value for streets in Kolathuvancheri?

The median guideline value for streets in Kolathuvancheri is Rs 1,650 per sq.ft, which is the same as the current guideline value for Theruveethiamman Koil 2nd Salai.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Theruveethiamman Koil 2nd Salai?

The Chennai South Joint I Sub Registrar Office handles registrations for Theruveethiamman Koil 2nd Salai, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.