Guideline Value for Thirupathi Kodai Street

Thirupathi Kodai Street guideline value

The current guideline value of Thirupathi Kodai Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Thirupathi Kodai Street has changed

The guideline value for Thirupathi Kodai Street has undergone several revisions over the years. Starting with the 2012 revision, the guideline value was Rs 3,300 per sq.ft. This figure then decreased to Rs 2,211 per sq.ft in the 2017 revision, marking a decrease of 33%. In the subsequent 2023 revision, the value increased to Rs 3,300 per sq.ft, and finally, the 2024 revision set the current value at Rs 3,600 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Thirupathi Kodai Street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is the same as the current guideline value for Thirupathi Kodai Street.

• Thiruvallar MGR Street: Rs 1,400 per sq.ft (2024)
• Thirumoorthy Street: Rs 3,600 per sq.ft (2024)
• Thiruvalluvar Main Road (ramapuram): Rs 3,600 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Cross Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupathi Kodai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty, charged at 7%, would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thirupathi Kodai Street?

The Sub Registrar Office that covers Thirupathi Kodai Street is 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 information.

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

The guideline value plays a crucial role in the property registration process in Ambattur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It serves as a benchmark for assessing the value of the property being registered.

During the registration process, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Thirupathi Kodai Street?

The current guideline value of Thirupathi Kodai Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then back to Rs 3,300 per sq.ft in 2023, and finally reaching Rs 3,600 per sq.ft in 2024.

What is the land classification for Thirupathi Kodai Street?

Thirupathi Kodai Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Thirupathi Kodai Street?

The Sub Registrar Office for Thirupathi Kodai 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 stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value or sale price.