Guideline Value for Thanthoniamman Koil Street

Thanthoniamman Koil Street guideline value

The current guideline value of Thanthoniamman Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Thanthoniamman Koil Street has changed

The guideline value for Thanthoniamman Koil Street has seen several revisions over the years. In 2002, the value was Rs 325 per sq.ft, which increased to Rs 354 per sq.ft in 2003. The value then rose significantly to Rs 700 per sq.ft in 2007, followed by a jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The subsequent revisions saw an increase to Rs 2,500 per sq.ft in 2023, and finally, the current rate is Rs 2,700 per sq.ft from the 2024 revision.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +9%. The value surged by +98% from 2003 to 2007, followed by a remarkable +257% from 2007 to 2012. However, there was a decline of -33% from 2012 to 2017. The value then rose by +49% from 2017 to 2023, and the latest increase from 2023 to 2024 is +8%. Overall, from 2002 to 2024, the guideline value has increased by +731%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value for Thanthoniamman Koil Street is below this median.

• Thangavel Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Temple Road 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Temple Road 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Thirunavukkarasu Street (George Colony): Rs 2,700 per sq.ft (2024)
• Sundararaja Perumal Koil Street South: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Koil Street North: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthoniamman Koil Street

For a 1,000 sq.ft plot at the current guideline value, the total value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanthoniamman Koil Street?

Thanthoniamman Koil Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peravallur. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers should be aware that these fees will be calculated based on the higher of the guideline value or the actual sale price.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value helps in determining the financial obligations involved in the transaction, making it an important aspect of the buying and selling process.

Frequently asked questions

What is the current guideline value of Thanthoniamman Koil Street?

The current guideline value of Thanthoniamman Koil Street is Rs 2,700 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 325 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +731% over this period.

What are the stamp duty rates for properties in Thanthoniamman Koil Street?

The stamp duty for properties in Thanthoniamman Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the range of guideline values for other streets in Peravallur?

The guideline values for other streets in Peravallur range from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft.