Guideline Value for THIRUVEETHIAMMAM KOIL STREET

Thiruveethiammam Koil Street guideline value

The current guideline value of Thiruveethiammam Koil Street is Rs 4,700 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thiruveethiammam Koil Street has changed

The guideline value for Thiruveethiammam Koil Street has seen several revisions over the years. In 2007, the guideline value was Rs 850 per sq.ft. This figure increased significantly to Rs 4,300 per sq.ft in 2012, marking a change of +406%. However, by 2017, the value decreased to Rs 2,881 per sq.ft, a drop of -33%. The value then rose to Rs 4,300 per sq.ft in 2023, reflecting an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 4,700 per sq.ft, which is a +9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +453%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. Thiruveethiammam Koil Street's 2024 guideline value is below this median.

• Thiruvalluvar Street (Amaravathi Nagar): Rs 4,400 per sq.ft (2024)
• Thiru Venkada Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Nagar (Near Kalki Nagar): Rs 3,800 per sq.ft (2024)
• Thiru. VI.Ka Street: Rs 5,300 per sq.ft (2024)
• Thiruvadudurai Adhinam Nagar: Rs 5,500 per sq.ft (2024)
• Tnhb Colony: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethiammam Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,700 per sq.ft, the total guideline value would be Rs 47,00,000. The stamp duty at 7% would amount to Rs 3,29,000, and the registration fee at 2% would be Rs 94,000, bringing the total cost for these fees to Rs 4,23,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruveethiammam Koil Street?

The Sub Registrar Office that covers Thiruveethiammam Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Arumbakkam. It serves as the minimum value for registration purposes, ensuring that properties are registered at a fair value as determined by the government. This value is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps establish a baseline for negotiations. Both buyers and sellers can refer to the guideline value to ensure that the transaction is in line with government assessments. This process helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Thiruveethiammam Koil Street?

The current guideline value of Thiruveethiammam Koil Street is Rs 4,700 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 850 per sq.ft in 2007 to Rs 4,700 per sq.ft in 2024, reflecting an overall increase of +453% over the years.

What are the other streets in Arumbakkam with their guideline values?

Other streets in Arumbakkam include Thiruvalluvar Street (Amaravathi Nagar) at Rs 4,400 per sq.ft, Thiru Venkada Perumal Koil Street at Rs 3,300 per sq.ft, and others listed above.

What fees are associated with buying property on Thiruveethiammam Koil Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruveethiammam Koil Street?

The Kodambakkam Sub Registrar Office covers Thiruveethiammam Koil Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.