Guideline Value for THIRUVEEDHI AMMAN KOIL (MANDAVELI)

Thiruveedhi Amman Koil (Mandaveli) guideline value

The current guideline value of Thiruveedhi Amman Koil (Mandaveli) is Rs 8,200 per sq.ft, effective from 1 July 2024. This area falls under Mylapore village and is classified as Residential Class IV Type - I, governed by the Mylapore SRO.

How the guideline value of Thiruveedhi Amman Koil (Mandaveli) has changed

The guideline value for Thiruveedhi Amman Koil (Mandaveli) has undergone several revisions over the years. The 2012 revision recorded a value of Rs 7,500 per sq.ft, which then decreased to Rs 5,025 per sq.ft in the 2017 revision. However, this figure saw a significant increase to Rs 7,500 per sq.ft in the 2023 revision, followed by another rise to the current Rs 8,200 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. The shift from 2012 to 2017 represented a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 9%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Thiruveedhi Amman Koil (Mandaveli) below this median.

• Thiruveedhi Amman Koil (Royapettah): Rs 8,200 per sq.ft (2024)
• Thiruvengadam 2nd Street: Rs 7,100 per sq.ft (2024)
• Thiruvalluvarpettai Street: Rs 7,100 per sq.ft (2024)
• Thiruvenkadam Street: Rs 14,300 per sq.ft (2024)
• Thiruvenkadam Street Extension: Rs 14,300 per sq.ft (2024)
• Thiru.V.K. 1st Lane: Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveedhi Amman Koil (Mandaveli)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, while the registration fee at 2% would be Rs 1,64,000, making the total cost of duty and fees together Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruveedhi Amman Koil (Mandaveli)?

The Sub Registrar Office that covers Thiruveedhi Amman Koil (Mandaveli) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Mylapore. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall transaction costs. It ensures that the property transactions are conducted transparently and within the legal framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thiruveedhi Amman Koil (Mandaveli)?

The current guideline value of Thiruveedhi Amman Koil (Mandaveli) is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,500 per sq.ft in 2012 to Rs 5,025 per sq.ft in 2017, then increased to Rs 7,500 per sq.ft in 2023, and finally to Rs 8,200 per sq.ft in 2024.

What is the land classification of Thiruveedhi Amman Koil (Mandaveli)?

Thiruveedhi Amman Koil (Mandaveli) is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Thiruveedhi Amman Koil (Mandaveli)?

The Sub Registrar Office for Thiruveedhi Amman Koil (Mandaveli) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for properties in Thiruveedhi Amman Koil (Mandaveli)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 82,00,000, the stamp duty at 7% would be Rs 5,74,000.