Guideline Value for THIROWPATHI AMMAN NAGAR

Thirowpathi Amman Nagar guideline value

The current guideline value of Thirowpathi Amman Nagar is Rs 3,290 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village and falls under the Pammal SRO with a land classification of Commercial Class I Type - I.

How the guideline value of Thirowpathi Amman Nagar has changed

The guideline value for Thirowpathi Amman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 has further increased the value to Rs 3,290 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Thirowpathi Amman Nagar's 2024 figure above that median.

• Thattakulam (ward 1): Rs 1,650 per sq.ft (2024)
• Thiruperumal Nagar: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Suji Chamber: Rs 2,200 per sq.ft (2024)
• Staling Avenue: Rs 2,200 per sq.ft (2024)
• Sri Thiruvengadam Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thirowpathi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,290 per sq.ft, the total guideline value amounts to Rs 32,90,000. The stamp duty at 7% would be Rs 2,30,300, and the registration fee at 2% would be Rs 65,800, bringing the total to Rs 2,96,100. It is essential to note that the 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 detailed calculations.

Which Sub Registrar Office covers Thirowpathi Amman Nagar?

The Sub Registrar Office that covers Thirowpathi Amman Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations associated with the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Thirowpathi Amman Nagar?

The current guideline value of Thirowpathi Amman Nagar is Rs 3,290 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,290 per sq.ft in 2024, which is an overall increase of 64%.

What is the stamp duty for a property in Thirowpathi Amman Nagar?

The stamp duty for a property in Thirowpathi Amman Nagar is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Thirowpathi Amman Nagar?

The Pammal Sub Registrar Office, which covers Thirowpathi Amman Nagar, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the guideline values of other streets in Kolapakkam?

Other streets in Kolapakkam have varying guideline values, with rates ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value in the area is Rs 2,200 per sq.ft.