Guideline Value for Thiru Veedhi Amman Koil Street

Thiru Veedhi Amman Koil Street guideline value

The current guideline value of Thiru Veedhi Amman Koil Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village, under the AnnaNagar SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Thiru Veedhi Amman Koil Street has changed

The guideline value for Thiru Veedhi Amman Koil Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,300 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. Following this, the value rose to Rs 5,000 per sq.ft in 2023 and has now reached Rs 5,400 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 315% from Rs 1,300 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft as of 2024. The median guideline value in the village is Rs 11,500 per sq.ft, placing Thiru Veedhi Amman Koil Street's 2024 figure below this median.

• Thiru-Vika- Street: Rs 5,400 per sq.ft (2024)
• TNHB 360 HIG Flats Block 443 to 467: Rs 12,100 per sq.ft (2024)
• Vallaba vinayagar Street (Sabari Nagar): Rs 5,400 per sq.ft (2024)
• T.A.S. Chellaiah Road: Rs 12,100 per sq.ft (2024)
• Suseela Chelliah Road: Rs 12,100 per sq.ft (2024)
• W Block 2nd Avenue: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Veedhi Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, while the registration fee at 2% would be Rs 1,08,000, bringing the total cost for these fees to Rs 4,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Veedhi Amman Koil Street?

The Thiru Veedhi Amman Koil Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Naduvakkarai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is crucial for buyers to be aware of this value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Thiru Veedhi Amman Koil Street?

The current guideline value of Thiru Veedhi Amman Koil Street is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thiru Veedhi Amman Koil Street has changed from Rs 1,300 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 315% over the years.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,86,000.

Which Sub Registrar Office covers this street?

The AnnaNagar Sub Registrar Office covers Thiru Veedhi Amman Koil Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Thiru Veedhi Amman Koil Street?

Thiru Veedhi Amman Koil Street falls under the Residential Class II Type - II land classification.