Guideline Value for THIERUVEETHIAMMAN KOIL 3RD SALAI

Thieruveethiamman Koil 3rd Salai guideline value

The current guideline value of Thieruveethiamman Koil 3rd 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 Thieruveethiamman Koil 3rd Salai has changed

Over the years, the guideline value for Thieruveethiamman Koil 3rd Salai has undergone several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 1,500 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,650 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from the 2012 figure to the 2024 figure.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO with 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 equal to the 2024 figure for Thieruveethiamman Koil 3rd Salai. Below are the guideline values for other streets in Kolathuvancheri:

• Theruveethiamman Koil Street: Rs 1,650 per sq.ft (2024)
• Theruveethiamman Koil 2nd Salai: Rs 1,650 per sq.ft (2024)
• Theruveethiamman Koil 1st 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 Thieruveethiamman Koil 3rd 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 be Rs 1,15,500, and the registration fee at 2% would amount to Rs 33,000, bringing the total charges to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thieruveethiamman Koil 3rd Salai?

The Sub Registrar Office that covers Thieruveethiamman Koil 3rd 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. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Kolathuvancheri. When a property is sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

Additionally, the guideline value is essential for assessing the legal and financial aspects of property transactions. It helps in establishing a fair basis for the sale price, ensuring that both parties are aware of the minimum value recognized by the authorities.

Frequently asked questions

What is the current guideline value of Thieruveethiamman Koil 3rd Salai?

The current guideline value of Thieruveethiamman Koil 3rd 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 in Kolathuvancheri?

The median guideline value in Kolathuvancheri is Rs 1,650 per sq.ft, which is the same as the guideline value for Thieruveethiamman Koil 3rd Salai in 2024.

What are the stamp duty and registration fees for properties in Thieruveethiamman Koil 3rd Salai?

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 property registrations for Thieruveethiamman Koil 3rd Salai?

The Chennai South Joint I Sub Registrar Office handles property registrations for Thieruveethiamman Koil 3rd Salai, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.