Guideline Value for THIRUVEEDIAMMAN KOIL STREET

Thiruveediamman Koil Street guideline value

The current guideline value of Thiruveediamman Koil Street is Rs 3,300 per sq.ft. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thiruveediamman Koil Street has changed

Over the years, the guideline value of Thiruveediamman Koil Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is an increase from Rs 3,000 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from 2012 to 2023, as both years recorded the same figure of Rs 3,000 per sq.ft.

Looking back further, the 2012 revision also recorded Rs 3,000 per sq.ft. There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for Thiruveediamman Koil Street, indicating that these years did not register any guideline value for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The current guideline value of Thiruveediamman Koil Street is equal to the median value of Rs 3,300 per sq.ft for the year 2024.

• Thiruvengadamudiyan Street (Part Upto Public Well): Rs 3,300 per sq.ft (2024)
• Thiruvenkadamudaiyar Street: Rs 3,300 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Nagar (Erikarai Ull Vai): Rs 2,750 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar High Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveediamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs accurately.

Which Sub Registrar Office covers Thiruveediamman Koil Street?

The Sub Registrar Office that covers Thiruveediamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the official registers.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruveediamman Koil Street?

The current guideline value of Thiruveediamman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2012 to 2023, as both years recorded Rs 3,000 per sq.ft.

What is the land classification for Thiruveediamman Koil Street?

The land classification for Thiruveediamman Koil Street is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Thiruveediamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

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 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.