Guideline Value for Thiruveedhiamman Koil Street

Thiruveedhiamman Koil Street guideline value

The current guideline value of Thiruveedhiamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Thiruveedhiamman Koil Street has changed

The guideline value for Thiruveedhiamman Koil Street has seen several revisions over the years. In 2002, the value was Rs 540 per sq.ft, which increased to Rs 604 per sq.ft in 2003, marking a 12% rise. The value then surged significantly to Rs 1,750 per sq.ft in 2007, reflecting a 190% increase. Following this, in 2012, the value was Rs 3,500 per sq.ft, indicating a substantial 100% increase from the previous revision. However, in 2017, the value dropped to Rs 2,345 per sq.ft, showing a decrease of 33%.

From 2017 to 2023, the value rose to Rs 3,500 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, representing an 11% increase from the previous year. The register has no figures for the years not mentioned in this summary.

Guideline values in Kazhikundram

Kazhikundram has a range of guideline values across its 68 streets under the Adayar SRO, with figures for 2024 ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Thiruveedhiamman Koil Street's 2024 figure below that median.

• Sakthi Vinayagar Koil Street: Rs 3,900 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 6,600 per sq.ft (2024)
• Muthulakshmi Salai (L.B. Road): Rs 12,700 per sq.ft (2024)
• Kazhikundram Slum Residents: Rs 3,900 per sq.ft (2024)
• Kazhikundram 8th Street: Rs 3,900 per sq.ft (2024)
• Kazhikundram 7th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveedhiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, while the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that 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 details on the fees applicable to your property transaction.

Which Sub Registrar Office covers Thiruveedhiamman Koil Street?

The Sub Registrar Office that covers Thiruveedhiamman Koil Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kazhikundram. It serves as the basis for calculating stamp duty and registration fees, ensuring that all property transactions are conducted at a standardized value.

When buying or selling property, the guideline value helps determine the official value of the property, which is essential for legal and financial transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Thiruveedhiamman Koil Street?

The current guideline value of Thiruveedhiamman Koil Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 540 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 622% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Thiruveedhiamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

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

What is the median guideline value for streets in Kazhikundram?

The median guideline value for streets in Kazhikundram is Rs 6,600 per sq.ft, with Thiruveedhiamman Koil Street's 2024 value being below this median.