Guideline Value for Thiruveedhi Amman Koil 2nd Street

Thiruveedhi Amman Koil 2nd Street guideline value

The current guideline value of Thiruveedhi Amman Koil 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Thiruveedhi Amman Koil 2nd Street has changed

The guideline value for Thiruveedhi Amman Koil 2nd Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 381 per sq.ft. This value increased significantly to Rs 1,250 per sq.ft in 2007, marking a 228% increase. In 2012, the value rose to Rs 2,000 per sq.ft, reflecting a 60% increase from the previous revision. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, before reaching the current figure of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figure for this street in 2002.

Overall, from 2003 to 2024, the guideline value has increased by 477%. The changes between the revisions indicate fluctuations in the market, with notable increases and decreases over the years.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, positioning Thiruveedhi Amman Koil 2nd Street's 2024 figure below this median.

• Thiruveedhi Amman Cross 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 Koil 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruveedhi Amman Koil 2nd Street?

The Thiruveedhi Amman Koil 2nd Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the guideline value can differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, it is essential to ensure that the transaction value meets or exceeds the guideline value to avoid any legal complications. Understanding the guideline value helps in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruveedhi Amman Koil 2nd Street?

The current guideline value of Thiruveedhi Amman Koil 2nd 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 multiple times, starting from Rs 381 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 477% over the years.

What is the land classification for Thiruveedhi Amman Koil 2nd Street?

The land classification for Thiruveedhi Amman Koil 2nd Street is 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 the stamp duty calculated for properties in Thiruveedhi Amman Koil 2nd 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 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.