Guideline Value for THIRUVANMIYUR EXTENSION

Thiruvanmiyur Extension guideline value

The current guideline value of Thiruvanmiyur Extension is Rs 7,150 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Thiruvanmiyur Extension has changed

The guideline value for Thiruvanmiyur Extension has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 6,500 per sq.ft. This was followed by a decrease to Rs 4,355 per sq.ft in 2017. The value then rose significantly to Rs 6,500 per sq.ft in 2023, before reaching the current rate of Rs 7,150 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a guideline value range from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, indicating that Thiruvanmiyur Extension's 2024 figure is below this median.

• Thiruveethi Amman Koil 1st Lane: Rs 3,520 per sq.ft (2024)
• Thiruveethiamman Koil 2nd Street: Rs 3,520 per sq.ft (2024)
• Thiruveethiamman Koil 3rd Street / Extn: Rs 3,520 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 12,650 per sq.ft (2024)
• Thiruvalluvar Nagar 9th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 8th Main Road: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvanmiyur Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total cost to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvanmiyur Extension?

The Sub Registrar Office that covers Thiruvanmiyur Extension 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 Thiruvanmiyur

The guideline value is a critical factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvanmiyur Extension?

The current guideline value of Thiruvanmiyur Extension is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then back to Rs 6,500 per sq.ft in 2023, and currently stands at Rs 7,150 per sq.ft in 2024.

What is the land classification for Thiruvanmiyur Extension?

Thiruvanmiyur Extension is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Thiruvanmiyur Extension?

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

How is the stamp duty calculated for properties in Thiruvanmiyur Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 at a rate of 7%.