Guideline Value for Thiruvedhiamman Koil Street

Thiruvedhiamman Koil Street guideline value

The current guideline value of Thiruvedhiamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Thiruvedhiamman Koil Street has changed

The guideline value for Thiruvedhiamman Koil Street has undergone several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,206 per sq.ft. This was followed by a significant increase to Rs 1,800 per sq.ft in the 2023 revision. The latest revision in 2024 shows a further increase to Rs 1,980 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for Thiruvedhiamman Koil Street in the revisions of 2002, 2003, 2007, and 2012. This lack of data indicates that the guideline value for this street was not established during those years.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Thiruvedhiamman Koil Street's 2024 figure below this median.

• Thiru.Vi.Ka Street: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thirupurkumaran Street: Rs 1,980 per sq.ft (2024)
• Vasantha Venkatesan Street: Rs 4,185 per sq.ft (2024)
• Surrya Enclave: Rs 1,760 per sq.ft (2024)
• Venkateswara Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvedhiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvedhiamman Koil Street?

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

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

The guideline value is an important factor when buying or selling property in Kerugambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

During registration, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory costs in any property transaction. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Thiruvedhiamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Kerugambakkam?

The median guideline value in Kerugambakkam is Rs 2,200 per sq.ft. Thiruvedhiamman Koil Street's 2024 guideline value is below this median.

What are the stamp duty and registration fees for properties in Thiruvedhiamman Koil Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200.

Which office handles registrations for Thiruvedhiamman Koil Street?

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