Guideline Value for Thiru Veedhi Amman Kovil Street

Thiru Veedhi Amman Kovil Street guideline value

The current guideline value of Thiru Veedhi Amman Kovil Street is Rs 1,100 per sq.ft. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

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

In the 2007 revision, the guideline value was set at Rs 400 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose sharply to Rs 1,000 per sq.ft in 2023, which was a 49% increase. The latest revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Thiru Veedhi Amman Kovil Street's 2024 guideline value is below this median.

• Thiruvalluvar street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Thiruverkadu Road: Rs 1,600 per sq.ft (2024)
• T.N.H.B. Phase I & II (Commercial): Rs 3,300 per sq.ft (2024)
• T.N.H.B. Phase I & II (Residence): Rs 2,700 per sq.ft (2024)
• Tonakilla Camp Road: Rs 1,300 per sq.ft (2024)
• Thamarai street (Iyappan nagar extn.): Rs 1,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiru Veedhi Amman Kovil Street?

The Thiru Veedhi Amman Kovil Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the transaction is recorded at a value that reflects the government's assessment of property worth in the area.

When you register a property, the guideline value may impact the overall costs involved in the transaction. Buyers and sellers should be aware of this value to accurately budget for the fees associated with property transfers.

Frequently asked questions

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

The current guideline value of Thiru Veedhi Amman Kovil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 175% since 2007.

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

Thiru Veedhi Amman Kovil Street is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where can I find the registration office for Thiru Veedhi Amman Kovil Street?

The registration office for Thiru Veedhi Amman Kovil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.