Guideline Value for THIRUVEETHIAMMAN KOIL STREET

Thiruveethiamman Koil Street guideline value

The current guideline value of Thiruveethiamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thelliyaragaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thiruveethiamman Koil Street has changed

The guideline value for Thiruveethiamman Koil Street has undergone several revisions over the years. The 2007 revision set the value at Rs 150 per sq.ft, which dramatically increased to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 900%. However, the value decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The 2023 revision saw the value increase to Rs 1,500 per sq.ft, and the latest 2024 revision has set it at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1000%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thelliyaragaram

In Thelliyaragaram, there are 16 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 3,300 per sq.ft. The median guideline value in this village is Rs 1,210 per sq.ft, placing Thiruveethiamman Koil Street's 2024 figure above that median.

• Taj Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C. Street: Rs 1,100 per sq.ft (2024)
• Ramya Nagar: Rs 1,100 per sq.ft (2024)
• Poonamallee High Road: Rs 3,300 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethiamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to 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 further assistance.

Which Sub Registrar Office covers Thiruveethiamman Koil Street?

The Sub Registrar Office that covers Thiruveethiamman 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 Thelliyaragaram

The guideline value is a crucial factor during property transactions in Thelliyaragaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to accurately calculate the costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruveethiamman Koil Street?

The current guideline value of Thiruveethiamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly, from Rs 150 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 1000% over the years.

What was the guideline value in 2023?

In 2023, the guideline value for Thiruveethiamman Koil Street was Rs 1,500 per sq.ft.

Which office handles registrations for Thiruveethiamman Koil Street?

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

How is stamp duty calculated for properties in Thiruveethiamman Koil 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 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.