Guideline Value for THIRUVEETHI AMMAN KOIL STREET

Thiruveethi Amman Koil Street guideline value

The current guideline value of Thiruveethi Amman Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO, classified as Residential Class II Type - I.

How the guideline value of Thiruveethi Amman Koil Street has changed

The guideline value for Thiruveethi Amman Koil Street has undergone several revisions over the years. In 2002, the value was Rs 689 per sq.ft, which increased to Rs 765 per sq.ft in 2003. The value saw a significant rise to Rs 1,500 per sq.ft in 2007, followed by a jump to Rs 6,000 per sq.ft in 2012. However, it decreased to Rs 4,020 per sq.ft in 2017 before rising again to Rs 6,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft.

Looking at the changes, from 2002 to 2003, the increase was +11%. The value then surged by +96% from 2003 to 2007. Between 2007 and 2012, there was a substantial increase of +300%. A decrease of -33% was observed from 2012 to 2017, followed by a +49% rise from 2017 to 2023. The latest revision from 2023 to 2024 reflects a +10% increase. Overall, from 2002 to 2024, the guideline value has increased by +858%.

Guideline values in Mambalam

In Mambalam village, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, making Thiruveethi Amman Koil Street's 2024 figure equal to this median.

• Thiruvengadam Street: Rs 6,600 per sq.ft (2024)
• Vadivelpuram: Rs 6,600 per sq.ft (2024)
• Thambiah Reddy Road: Rs 15,400 per sq.ft (2024)
• Thalayari Street: Rs 6,600 per sq.ft (2024)
• Vazhai Thoppu: Rs 4,400 per sq.ft (2024)
• Velu Street Eastern Side Of Arya Gowda Road: Rs 7,700 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 guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that 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 Thiruveethi Amman Koil Street?

The Thiruveethi Amman Koil Street falls under the jurisdiction of the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. To find your SRO, you can visit find your SRO.

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

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

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline value.

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 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 689 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +858% over the years.

What is the land classification for Thiruveethi Amman Koil Street?

Thiruveethi Amman Koil Street is classified as Residential Class II Type - I.

What are the other streets in Mambalam with the same guideline value?

Other streets in Mambalam with a guideline value of Rs 6,600 per sq.ft include Thiruvengadam Street, Vadivelpuram, and Thalayari Street.

Where can I find the Thiyagaraya nagar Sub Registrar Office?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.