Guideline Value for THIRUVEETHIAMMAN KOIL STREET

Thiruveethiamman Koil Street guideline value

The current guideline value of Thiruveethiamman Koil Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Nanthiambakkam village under the Thiruvottiyur SRO, classified as Residential Special Type - II.

How the guideline value of Thiruveethiamman Koil Street has changed

The guideline value for Thiruveethiamman Koil Street has undergone several revisions since 2002. The figures are as follows: in 2002, the value was Rs 27 per sq.ft, which increased to Rs 31 per sq.ft in 2003. Following this, the value rose significantly to Rs 50 per sq.ft in 2007, and then to Rs 300 per sq.ft in 2012. However, it dropped to Rs 201 per sq.ft in 2017, before increasing again to Rs 300 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 330 per sq.ft.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase is 1122%. The jump from 2017 to 2023 saw a rise of 49%, while the 2023 to 2024 revision reflects a 10% increase. The largest increase occurred between 2007 and 2012, with a remarkable 500% rise.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value is Rs 330 per sq.ft, which is the same as the guideline value for Thiruveethiamman Koil Street.

• Thiruvudaiamman Nagar: Rs 330 per sq.ft (2024)
• Thuyarankatha Vinayagar Koil Str Eet: Rs 330 per sq.ft (2024)
• Vadiudaiamman Nagar: Rs 330 per sq.ft (2024)
• Vallal Seethagathi Nagar: Rs 330 per sq.ft (2024)
• Thalaiyari Palayam: Rs 330 per sq.ft (2024)
• Vasavi Nagar: Rs 330 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 guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is calculated at 7%, which totals Rs 23,100, while the registration fee is 2%, amounting to Rs 6,600. Together, the total cost for stamp duty and registration fee is Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveethiamman Koil Street?

The Sub Registrar Office that covers Thiruveethiamman Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Nanthiambakkam. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of purchasing property. The guideline value is updated periodically, reflecting changes in the real estate market, and it is crucial to check the most current figures before proceeding with any transactions.

Frequently asked questions

What is the current guideline value of Thiruveethiamman Koil Street?

The current guideline value of Thiruveethiamman Koil Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 27 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 1122% over this period.

What is the stamp duty rate for property transactions?

The stamp duty for property transactions is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How can I calculate my stamp duty and registration fees?

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator available online.