Guideline Value for THIRUVEETHI AMMAN KOIL 1ST STREET

Thiruveethi Amman Koil 1st Street guideline value

The current guideline value of Thiruveethi Amman Koil 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - III.

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

The guideline value for Thiruveethi Amman Koil 1st Street has seen several revisions over the years. The earliest available figure is from 2012, with a guideline value of Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, and then an increase back to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decline of 33% in the guideline value, while from 2017 to 2023, the value increased significantly by 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Thiruveethi Amman Koil 1st Street's value below that median.

• Thiruveethi Amman Koil Street: Rs 1,100 per sq.ft (2024)
• Thir Vika Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Thir.VI.K. Nagar: Rs 1,870 per sq.ft (2024)
• T.V.K. Nagar Main 1st Street: Rs 1,980 per sq.ft (2024)
• T.V.K. Nagar Main Iiird Street: Rs 1,980 per sq.ft (2024)
• T.Vk. Nagar Main Iind Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethi Amman Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the combined total Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Thiruveethi Amman Koil 1st Street 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 Thundalam

The guideline value plays a crucial role in the registration of property transactions in Thundalam. It is used to determine the stamp duty and registration fees that need to be paid during the purchase or sale of a property.

Frequently asked questions

What is the current guideline value of Thiruveethi Amman Koil 1st Street?

The current guideline value of Thiruveethi Amman Koil 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

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

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

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

The Chennai South Joint I Sub Registrar Office covers Thiruveethi Amman Koil 1st Street, 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 Thiruveethi Amman Koil 1st Street?

The stamp duty for properties in Thiruveethi Amman Koil 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are also applicable.