Guideline Value for THIROPATHIAMMAN KOIL STREET

Thiropathiamman Koil Street guideline value

The current guideline value of Thiropathiamman Koil Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Thiropathiamman Koil Street has changed

The guideline value for Thiropathiamman Koil Street has undergone several revisions over the years. The most recent revisions show that the value has remained constant at Rs 350 per sq.ft for both 2023 and 2024. Prior to this, the 2017 revision recorded a value of Rs 234 per sq.ft, marking a 50% increase from 2017 to 2023.

It should be noted that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 101 per sq.ft. Thiropathiamman Koil Street's 2024 guideline value of Rs 350 per sq.ft is significantly above this median.

• Thandumariyamman Koil Street: Rs 101 per sq.ft (2024)
• Thachan Street: Rs 101 per sq.ft (2024)
• Sundivakathar Street: Rs 200 per sq.ft (2024)
• Sumangali Nagar: Rs 101 per sq.ft (2024)
• VADACOLONY 1st STREET: Rs 101 per sq.ft (2024)
• Vadakku Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiropathiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total cost for these fees Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiropathiamman Koil Street?

The Sub Registrar Office that covers Thiropathiamman Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

When buying or selling property in Cheyyur - A, the guideline value is a crucial factor as it determines the amount of stamp duty and registration fees payable. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers to understand that the guideline value serves as a benchmark for property transactions, ensuring that the transaction is registered at a value recognized by the government. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Thiropathiamman Koil Street?

The current guideline value of Thiropathiamman Koil Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft from 2023 to 2024. From 2017 to 2023, it increased by 50% from Rs 234 per sq.ft.

What is the land classification for Thiropathiamman Koil Street?

Thiropathiamman Koil Street is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the registration office for Thiropathiamman Koil Street?

The registration office for Thiropathiamman Koil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated for properties in Cheyyur - A?

Stamp duty for properties in Cheyyur - A is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.