Guideline Value for Theru Veethi Amman Koil Street

Theru Veethi Amman Koil Street guideline value

The current guideline value of Theru Veethi Amman Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sekkadu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Theru Veethi Amman Koil Street has changed

The guideline value for Theru Veethi Amman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Conversely, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu village, there are 56 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 930 to Rs 4,800 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the 2024 figure for Theru Veethi Amman Koil Street.

• Thiru Kumaran Nagar: Rs 2,680 per sq.ft (2024)
• Thiru Kumaran Nagar Extension: Rs 2,680 per sq.ft (2024)
• Thirukural Street: Rs 1,075 per sq.ft (2024)
• Thanigai Nagar: Rs 1,075 per sq.ft (2024)
• Udayar Street: Rs 930 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Theru Veethi Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that 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 Theru Veethi Amman Koil Street?

The Sub Registrar Office that covers Theru Veethi Amman Koil Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Sekkadu. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Theru Veethi Amman Koil Street?

The current guideline value of Theru Veethi Amman Koil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Theru Veethi Amman Koil Street?

The land classification for Theru Veethi Amman Koil Street is Residential Class II Type - I.

What is the registration office for Theru Veethi Amman Koil Street?

The registration office for Theru Veethi Amman Koil Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.