Guideline Value for THIRUVEETHIAMMAN KOIL 2ND STREET

Thiruveethiamman Koil 2nd Street guideline value

The current guideline value of Thiruveethiamman Koil 2nd Street 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 Thiruveethiamman Koil 2nd Street has changed

The guideline value for Thiruveethiamman Koil 2nd Street has seen several revisions over the years. In 2002, the value was Rs 483 per sq.ft, which increased to Rs 535 per sq.ft in 2003, marking an 11% rise. The value then experienced a significant increase to Rs 1,300 per sq.ft in 2007, representing a 143% jump. The next revision in 2012 saw the value drop to Rs 3,200 per sq.ft, a decrease of 33%. In 2017, it rose again to Rs 2,144 per sq.ft, and by 2023, it reached Rs 3,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 629%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Thiruveethiamman Koil 2nd Street's value below that median.

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

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 for stamp duty and registration fees to Rs 3,16,800. 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 Thiruveethiamman Koil 2nd Street?

The Sub Registrar Office that covers Thiruveethiamman Koil 2nd 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 additional information.

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

The guideline value is an important figure used during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value will determine the minimum amount on which stamp duty is calculated. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiruveethiamman Koil 2nd Street?

The current guideline value of Thiruveethiamman Koil 2nd Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 483 per sq.ft to Rs 3,520 per sq.ft in 2024, reflecting a total increase of 629% over the years.

What land classification is Thiruveethiamman Koil 2nd Street?

Thiruveethiamman Koil 2nd Street is classified as Residential Class V Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thiruveethiamman Koil 2nd 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.

How is the stamp duty calculated for properties in Thiruveethiamman Koil 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 at a rate of 7%.