Guideline Value for THIRUVEETHI AMMAN KOIL 1ST LANE

Thiruveethi Amman Koil 1st Lane guideline value

The current guideline value for Thiruveethi Amman Koil 1st Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Thiruveethi Amman Koil 1st Lane has changed

The guideline value for Thiruveethi Amman Koil 1st Lane has seen several revisions over the years. The 2007 revision set the value at Rs 1,300 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in 2012. However, this value then decreased to Rs 2,144 per sq.ft in 2017. The 2023 revision raised it to Rs 3,200 per sq.ft again, and the most recent change in 2024 has increased it to Rs 3,520 per sq.ft.

In terms of percentage changes, the value rose by 146% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following this, there was a significant increase of 49% from 2017 to 2023. The guideline value has increased by 10% from 2023 to 2024, resulting in an overall increase of 171% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft in 2024. The median value for these streets is Rs 9,900 per sq.ft, placing Thiruveethi Amman Koil 1st Lane's 2024 value below this median.

• Thiruveethiamman Koil 2nd Street: Rs 3,520 per sq.ft (2024)
• Thiruveethiamman Koil 3rd Street / Extn: Rs 3,520 per sq.ft (2024)
• Thiruvanmiyur Extension: Rs 7,150 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 Thiruveethi Amman Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost together to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveethi Amman Koil 1st Lane?

The Sub Registrar Office that covers Thiruveethi Amman Koil 1st Lane 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure they meet the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Thiruveethi Amman Koil 1st Lane?

The current guideline value for Thiruveethi Amman Koil 1st Lane is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, with various revisions in between. The most recent revision in 2024 saw a 10% increase from the previous year's value.

What is the land classification for Thiruveethi Amman Koil 1st Lane?

The land classification for Thiruveethi Amman Koil 1st Lane is Residential Class V Type - III.

What is the registration office for Thiruveethi Amman Koil 1st Lane?

The registration office for Thiruveethi Amman Koil 1st Lane 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.

How is stamp duty calculated for properties in Thiruveethi Amman Koil 1st Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 35,20,000, leading to a stamp duty of Rs 2,46,400.