Guideline Value for THIRUVEETHIYAMMAN KOIL STREET

Thiruveethiyamman Koil Street guideline value

The current guideline value of Thiruveethiyamman Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thiruveethiyamman Koil Street has changed

The guideline value for Thiruveethiyamman Koil Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 350 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 271%. However, the value dropped to Rs 871 per sq.ft in 2017, which represents a decrease of 33%. The most recent revisions show an increase to Rs 1,300 per sq.ft in 2023, followed by a further rise to Rs 1,400 per sq.ft in 2024, reflecting an 8% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Thiruveethiyamman Koil Street is below this median.

• Thiruvalluvar Nagar/Street: Rs 1,600 per sq.ft (2024)
• Thiruvotthiyur High Road: Rs 3,800 per sq.ft (2024)
• Thirumoorthi Nagar: Rs 3,300 per sq.ft (2024)
• Valluvar Nagar: Rs 1,400 per sq.ft (2024)
• Varadharaja Perumal Nagar: Rs 3,300 per sq.ft (2024)
• Vasantham Colony: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Thiruveethiyamman Koil Street?

The Thiruveethiyamman Koil Street is covered by 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 Ernavur

The guideline value is a critical factor in the registration process when buying or selling property in Ernavur. It serves as a benchmark for determining the minimum value of the property for the purpose of calculating stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruveethiyamman Koil Street?

The current guideline value of Thiruveethiyamman Koil Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles the registration for Thiruveethiyamman Koil Street?

The Thiruvottiyur Sub Registrar Office handles the registration for Thiruveethiyamman Koil Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Thiruveethiyamman Koil Street?

The land classification for Thiruveethiyamman Koil Street is Residential Class I Type - III.