Guideline Value for Thiruveedhiamman Koil Street

Thiruveedhiamman Koil Street guideline value

The current guideline value of Thiruveedhiamman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thiruveedhiamman Koil Street has changed

The guideline value for Thiruveedhiamman Koil Street has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 4,000 per sq.ft. This figure changed to Rs 2,680 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the most recent revision in 2024 saw a significant increase, bringing the guideline value back up to Rs 4,400 per sq.ft, which represents a 64% rise from 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is the same as the current guideline value for Thiruveedhiamman Koil Street.

• Thiruveethi Amman Koil 1st Street: Rs 4,400 per sq.ft (2024)
• Thiruveethi Amman Koil 2nd Street: Rs 4,400 per sq.ft (2024)
• Thiruveethiamman Koil 3rd Street: Rs 4,400 per sq.ft (2024)
• Thiru.V.K.Street: Rs 3,850 per sq.ft (2024)
• Throupathi Amman 1st Cross Street (100 ft. Bye-Pass Road): Rs 13,200 per sq.ft (2024)
• Thiruvalluvar Street: Rs 4,950 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 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiruveedhiamman Koil Street?

The Thiruveedhiamman Koil Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruveedhiamman Koil Street?

The current guideline value of Thiruveedhiamman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,400 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification of Thiruveedhiamman Koil Street?

Thiruveedhiamman Koil Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property on this street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which office handles registrations for Thiruveedhiamman Koil Street?

The Velacheri Sub Registrar Office handles registrations for Thiruveedhiamman Koil Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.