Guideline Value for THIRUVEETHIAMMAN KOIL STREET (KOVIL LAND)

Thiruveethiamman Koil Street (Kovil Land) guideline value

The current guideline value of Thiruveethiamman Koil Street (Kovil Land) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class III Type - III.

How the guideline value of Thiruveethiamman Koil Street (Kovil Land) has changed

The guideline value for Thiruveethiamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the current 2024 revision has raised it further to Rs 4,400 per sq.ft.

From the 2017 revision to 2023, there was a significant increase of 49%. The latest revision from 2023 to 2024 shows a 10% increase. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in Villivakkam is Rs 4,900 per sq.ft, placing Thiruveethiamman Koil Street's 2024 figure below this median.

• THIRUVENGADAIAH 1st CROSS STREET: Rs 3,300 per sq.ft (2024)
• Thiruvengadaiah 1st Lane: Rs 3,300 per sq.ft (2024)
• THIRUVENGADAIAH 1st STREET: Rs 3,300 per sq.ft (2024)
• THIRUVENGADAIAH 2nd CROSS STREET: Rs 3,300 per sq.ft (2024)
• Thiruvengadaiah 2nd Lane: Rs 3,300 per sq.ft (2024)
• THIRUVENGADAIAH 2nd STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethiamman Koil Street (Kovil Land)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Thiruveethiamman Koil Street (Kovil Land)?

The Sub Registrar Office that covers Thiruveethiamman Koil Street (Kovil Land) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official records. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruveethiamman Koil Street?

The current guideline value of Thiruveethiamman Koil Street (Kovil Land) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and currently to Rs 4,400 per sq.ft in 2024.

What is the land classification of Thiruveethiamman Koil Street?

Thiruveethiamman Koil Street (Kovil Land) is classified as Residential Class III Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office located for this street?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.