Guideline Value for THILLAIYADI VALLIYAMMAI NAGAR

Thillaiyadi Valliyammai Nagar guideline value

The current guideline value of Thillaiyadi Valliyammai Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Thillaiyadi Valliyammai Nagar has changed

The guideline value for Thillaiyadi Valliyammai Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 2,680 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw another increase of 10%, bringing the current value to Rs 4,400 per sq.ft.

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 Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the current value of Thillaiyadi Valliyammai Nagar.

• Thirumular Street: Rs 3,300 per sq.ft (2024)
• Thamarai Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Thiruvalluvar Street: Rs 3,300 per sq.ft (2024)
• Thiruveethi Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Thiru-Vi-Ka Street: Rs 4,400 per sq.ft (2024)
• Suriya Gandhi Street, Brindavan Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thillaiyadi Valliyammai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thillaiyadi Valliyammai Nagar?

The Sub Registrar Office that covers Thillaiyadi Valliyammai Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Koyakbedu. It serves as a benchmark for the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions adhere to the regulatory framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thillaiyadi Valliyammai Nagar?

The current guideline value of Thillaiyadi Valliyammai Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 2,680 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024.

Which office handles registrations for Thillaiyadi Valliyammai Nagar?

The AnnaNagar Sub Registrar Office handles registrations for Thillaiyadi Valliyammai Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What factors determine stamp duty and registration fees?

Stamp duty and registration fees are determined based on the guideline value or the sale price of the property, whichever is higher. The rates are set at 7% for stamp duty and 2% for registration fees.

How many streets in Koyakbedu have a guideline value?

There are 270 streets in Koyakbedu under the AnnaNagar SRO that carry a guideline value for the year 2024.