Guideline Value for Thiruveedhi Amman Cross Street

Thiruveedhi Amman Cross Street guideline value

The current guideline value of Thiruveedhi Amman Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Thiruveedhi Amman Cross Street has changed

The guideline value for Thiruveedhi Amman Cross Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 320 per sq.ft. This increased to Rs 381 per sq.ft in 2003, marking a 19% rise. The value then surged significantly to Rs 1,250 per sq.ft in 2007, representing a 228% increase. In 2012, the value was Rs 2,000 per sq.ft, which was a 60% increase from the previous revision. However, in 2017, it dropped to Rs 1,340 per sq.ft, indicating a decrease of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

Throughout these revisions, there are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 588%.

Guideline values in Kottivakkam

Kottivakkam has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Thiruveedhi Amman Cross Street is below this median.

• Thiruveedhi Amman Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhi Amman Koil First Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhi Amman Koil Main Road: Rs 2,200 per sq.ft (2024)
• Thiruveedhi Amman Koil Veedhi: Rs 2,200 per sq.ft (2024)
• Thulukkathamman Koil Main Road: Rs 2,200 per sq.ft (2024)
• Vaidegi Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveedhi Amman Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 Thiruveedhi Amman Cross Street?

The Sub Registrar Office that covers Thiruveedhi Amman Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction price. If the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price; otherwise, it will be based on the guideline value.

Frequently asked questions

What is the current guideline value of Thiruveedhi Amman Cross Street?

The current guideline value of Thiruveedhi Amman Cross Street is Rs 2,200 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 320 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 588% over this period.

What is the land classification for Thiruveedhi Amman Cross Street?

Thiruveedhi Amman Cross Street is classified as Residential Class IV Type - II.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.