Guideline Value for Thamarai Kanni Amman Koil Street

Thamarai Kanni Amman Koil Street guideline value

The current guideline value of Thamarai Kanni Amman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Manimangalam A village, under the Padappai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thamarai Kanni Amman Koil Street has changed

The guideline value for Thamarai Kanni Amman Koil Street has undergone several revisions since 2017. The 2017 revision set the guideline value at Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, marking a significant increase of 49%. The most recent revision in 2024 raised the guideline value to Rs 880 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Thamarai Kanni Amman Koil Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value is Rs 880 per sq.ft, which is equal to the current guideline value of Thamarai Kanni Amman Koil Street.

• Tellus Avenue: Rs 1,930 per sq.ft (2024)
• T.C.Township: Rs 1,430 per sq.ft (2024)
• SVS Nagar: Rs 1,430 per sq.ft (2024)
• Thirumalai Nagar: Rs 770 per sq.ft (2024)
• Sri Vetri Nagar: Rs 880 per sq.ft (2024)
• Sri Sri Hariharan Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Thamarai Kanni Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, the total cost for duties would be Rs 79,200. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Thamarai Kanni Amman Koil Street?

The Sub Registrar Office that covers Thamarai Kanni Amman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Manimangalam A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that both buyers and sellers adhere to a standard valuation.

When buying or selling property, the guideline value influences the stamp duty and registration fees that must be paid. This ensures that the transaction is recorded accurately and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Thamarai Kanni Amman Koil Street?

The current guideline value of Thamarai Kanni Amman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration office for Thamarai Kanni Amman Koil Street?

The registration office for Thamarai Kanni Amman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Thamarai Kanni Amman Koil Street is charged at 7% of the guideline value or the sale price, whichever is higher.

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator, which provides detailed calculations based on the guideline value.