Guideline Value for THIRUVEEDHI AMMAN KOIL (ROYAPETTAH)

Thiruveedhi Amman Koil (Royapettah) guideline value

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

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

The guideline value for Thiruveedhi Amman Koil (Royapettah) has seen significant changes over the years. In 2003, the value was Rs 1,158 per sq.ft, which increased to Rs 1,540 per sq.ft in 2007, marking a rise of 33%. This was followed by a substantial increase to Rs 7,500 per sq.ft in 2012, representing a 387% jump. However, the value dropped to Rs 5,025 per sq.ft in 2017, a decrease of 33%. The guideline value then surged to Rs 7,500 per sq.ft in 2023, and has now further increased to Rs 8,200 per sq.ft in 2024, reflecting a 9% rise.

Overall, from 2003 to 2024, the guideline value has increased by 608%. It is noteworthy that the register has no figure for this street in 2002.

Guideline values in Mylapore

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

• Thiruveedhi Amman Koil (Mandaveli): 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 (Royapettah)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, totaling Rs 7,38,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Thiruveedhi Amman Koil (Royapettah) area is covered by the Mylapore Sub Registrar Office located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 1,158 per sq.ft to Rs 8,200 per sq.ft in 2024, marking an overall increase of 608% over the years.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft for the year 2024, with Thiruveedhi Amman Koil (Royapettah) being below this median.

What are the stamp duty rates applicable in Thiruveedhi Amman Koil (Royapettah)?

The stamp duty rate for properties in Thiruveedhi Amman Koil (Royapettah) is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Thiruveedhi Amman Koil (Royapettah)?

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