Guideline Value for Thiruveedhiamman Koil 1st Cross Street

Thiruveedhiamman Koil 1st Cross Street guideline value

The current guideline value of Thiruveedhiamman Koil 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thiruveedhiamman Koil 1st Cross Street has changed

The guideline value for Thiruveedhiamman Koil 1st Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 186%. However, from 2012 to 2017, there was a decline of 33%, bringing the value down to Rs 1,340 per sq.ft. The most recent revision in 2024 saw a substantial increase of 64%, setting the current value at Rs 2,200 per sq.ft.

It is important to note that the register does not have figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, which means that Thiruveedhiamman Koil 1st Cross Street's 2024 figure is below that median.

• Thiruveedhiamman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhiamman Koil 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhiamman Koil 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Thiruveedhiamman Koil Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar Extension: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveedhiamman Koil 1st 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 amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be 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 more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveedhiamman Koil 1st Cross Street?

The Sub Registrar Office covering Thiruveedhiamman Koil 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value acts as a benchmark for assessing the transaction. Buyers and sellers should be aware that the fees are calculated based on this value or the sale price, whichever is higher, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Thiruveedhiamman Koil 1st Cross Street?

The current guideline value of Thiruveedhiamman Koil 1st 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 from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 214% over the years.

What are the other streets in Kolathur with similar guideline values?

Other streets in Kolathur with similar guideline values include Thiruveedhiamman Koil 2nd Cross Street, 3rd Cross Street, and 4th Cross Street, all at Rs 2,200 per sq.ft as of 2024.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011, or by using the online tool to find your SRO.