Guideline Value for THIRUVEETHI AMMAN KOIL STREET

Thiruveethi Amman Koil Street guideline value

The current guideline value of Thiruveethi Amman Koil 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 street is Residential Class IV Type - III.

How the guideline value of Thiruveethi Amman Koil Street has changed

The guideline value for Thiruveethi Amman Koil Street has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. The next revision in 2023 brought the value back up to Rs 1,000 per sq.ft, and in 2024, it increased further to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. 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 Thundalam

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

• Thiruveethi Amman Koil 1st 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, totaling Rs 99,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruveethi Amman Koil Street?

The Sub Registrar Office covering Thiruveethi Amman Koil 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 is a crucial factor when buying or selling property in Thundalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the registration department.

When you register a property, the guideline value helps determine the official value of the property transaction. This value is used to calculate the applicable taxes and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

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

The current guideline value of Thiruveethi Amman Koil 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 Street?

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

Which office handles the registration for Thiruveethi Amman Koil Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Thiruveethi Amman Koil Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the stamp duty rate applicable in Thiruveethi Amman Koil Street?

The stamp duty rate applicable in Thiruveethi Amman Koil Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.