Guideline Value for Theruveethiamman Koil Street

Theruveethiamman Koil Street guideline value

The current guideline value of Theruveethiamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Theruveethiamman Koil Street has changed

The guideline value for Theruveethiamman Koil Street has seen significant changes over the years. The earliest recorded revision was in 2002, when the guideline value was Rs 230 per sq.ft. This increased to Rs 260 per sq.ft in 2003, marking a rise of 13%. The value then rose to Rs 360 per sq.ft in 2007, which was a 38% increase from the previous revision.

The most recent revision in 2024 shows a substantial jump to Rs 1,980 per sq.ft, reflecting an increase of 450% from the 2007 figure. Overall, from 2002 to 2024, the guideline value has increased by 761%. It is important to note that the register has no figures for the years 2012, 2017, and 2023 for this street.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Theruveethiamman Koil Street's 2024 figure below that median.

• Thideer Nagar: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 1st Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 3rd Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 4th Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 5th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Theruveethiamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 detailed calculations.

Which Sub Registrar Office covers Theruveethiamman Koil Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is sold, the guideline value or the sale price, whichever is higher, is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Theruveethiamman Koil Street?

The current guideline value of Theruveethiamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, an overall increase of 761% over the years.

What is the land classification of Theruveethiamman Koil Street?

Theruveethiamman Koil Street falls under the Residential Class II Type - II land classification.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for properties on Theruveethiamman Koil Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, handles registrations for properties on Theruveethiamman Koil Street.