Guideline Value for THERUVEETHIAMMAN KOIL STREET

Theruveethiamman Koil Street guideline value

The current guideline value of Theruveethiamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Theruveethiamman Koil Street has changed

The guideline value for Theruveethiamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023 and is currently set at Rs 1,650 per sq.ft from the 2024 revision.

Between the revisions, there have been notable changes. The increase from 2023 to 2024 was 10%, while the jump from 2017 to 2023 was 49%. The value decreased by 33% from 2012 to 2017, and there was a remarkable increase of 200% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 230%. The register has no figures for the years 2002 and 2003 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 value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Theruveethiamman Koil Street.

• Theruveethiamman Koil 2nd Salai: Rs 1,650 per sq.ft (2024)
• Theruveethiamman Koil 1st Salai: 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 Street

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, bringing the total fees together to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Theruveethiamman Koil Street?

Theruveethiamman Koil Street falls under 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kolathuvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Theruveethiamman Koil Street?

The current guideline value of Theruveethiamman Koil Street 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 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the stamp duty for property in Theruveethiamman Koil Street?

The stamp duty for property in Theruveethiamman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Theruveethiamman Koil Street located?

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

What is the land classification of Theruveethiamman Koil Street?

Theruveethiamman Koil Street is classified as Residential Class III Type - I.