Guideline Value for Thanigai Amman Koil Street

Thanigai Amman Koil Street guideline value

The current guideline value of Thanigai Amman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thanigai Amman Koil Street has changed

The guideline value for Thanigai Amman Koil Street has seen significant changes over the years. In the 2003 revision, the value was Rs 221 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a change of +58%. The 2017 revision saw a substantial rise to Rs 1,340 per sq.ft, reflecting an increase of +283%. By 2023, the value reached Rs 2,000 per sq.ft, a +49% change from the previous revision. The current 2024 revision has set the guideline value at Rs 2,200 per sq.ft, which is a +10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by +895%.

Guideline values in Thiruneermalai

In Thiruneermalai village, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, indicating that Thanigai Amman Koil Street's 2024 figure is below this median.

• Thandu Mariamman Koil Street: Rs 2,200 per sq.ft (2024)
• Theradi Street: Rs 2,200 per sq.ft (2024)
• Temple Town: Rs 1,980 per sq.ft (2024)
• Tamil Nadu Housing Board: Rs 2,420 per sq.ft (2024)
• Tagore Street: Rs 2,200 per sq.ft (2024)
• Thirumalai Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thanigai Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanigai Amman Koil Street?

The Sub Registrar Office that covers Thanigai Amman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thiruneermalai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thanigai Amman Koil Street?

The current guideline value of Thanigai Amman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 221 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +895% over the years.

What is the land classification for Thanigai Amman Koil Street?

Thanigai Amman Koil Street is classified as Residential Class I Type - II, which indicates its intended use for residential purposes.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Thanigai Amman Koil Street located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.