Guideline Value for Thiru Veethi Amman Koil Street

Thiru Veethi Amman Koil Street guideline value

The current guideline value of Thiru Veethi Amman Koil Street is Rs 4,400 per sq.ft. This street is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - II.

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

The guideline value for Thiru Veethi Amman Koil Street has seen several revisions over the years. The earliest recorded revision is from 2002, where the value was Rs 729 per sq.ft. This increased to Rs 1,150 per sq.ft in 2007, marking a significant rise of 58%. The value then jumped to Rs 4,000 per sq.ft in 2012, which was a remarkable increase of 248%. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33% from the previous revision.

In 2023, the guideline value was set at Rs 4,000 per sq.ft, and it further increased to Rs 4,400 per sq.ft in the 2024 revision, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 504%. It is important to note that there is no figure available for the year 2003 in the register for this street.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which matches the current value for Thiru Veethi Amman Koil Street.

• Thiruveethi Amman Koil 2nd Lane: Rs 4,400 per sq.ft (2024)
• Thiruveethi Amman Koil 1st Lane: Rs 4,400 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street (Slum Clearance Board): Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 10th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 11th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 12th Street: Rs 3,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Thiru Veethi Amman Koil Street?

The Sub Registrar Office that covers Thiru Veethi Amman Koil Street is 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 Aminjikarai

The guideline value plays a crucial role in the registration process when buying or selling property in Aminjikarai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the transaction is compliant with local regulations. This helps to avoid any discrepancies in the registration process and ensures that all parties are aware of the financial implications involved.

Frequently asked questions

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

The current guideline value of Thiru Veethi Amman Koil Street is Rs 4,400 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 729 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 504% over this period.

What factors influence the guideline value in Aminjikarai?

The guideline value in Aminjikarai is influenced by various factors, including historical revisions, land classification, and the overall market conditions in the area.

Where can I find the Sub Registrar Office for Thiru Veethi Amman Koil Street?

The Sub Registrar Office for Thiru Veethi Amman Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Thiru Veethi Amman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.