Guideline Value for Thiruveediamman Koil Street

Thiruveediamman Koil Street guideline value

The current guideline value of Thiruveediamman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruveediamman Koil Street has changed

The guideline value for Thiruveediamman Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 247 per sq.ft, which increased to Rs 272 per sq.ft in 2003, marking a change of +10%. The value then rose significantly to Rs 800 per sq.ft in 2007, reflecting an increase of +194%. Following this, the value was revised to Rs 1,600 per sq.ft in 2012, which was a decrease of -33% from the previous figure. In 2017, the guideline value increased to Rs 1,072 per sq.ft, resulting in a +49% change. The most recent revision in 2023 set the value at Rs 1,600 per sq.ft, before the current figure of Rs 1,700 per sq.ft was established in 2024, showing a +6% increase.

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 Mannurpet

Mannurpet village has a total of 38 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Thiruveediamman Koil Street's 2024 value above this median.

• Thiruvalluvar Street: Rs 1,300 per sq.ft (2024)
• Telephone Colony: Rs 1,300 per sq.ft (2024)
• Vengatasubburaya Street: Rs 1,100 per sq.ft (2024)
• Venkatasa Perumal Koil 3 & 4th Cross Street: Rs 1,300 per sq.ft (2024)
• Venkatasa Perumal Koil First & Second Cross Street: Rs 1,300 per sq.ft (2024)
• Venkatasa Perumal Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveediamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. 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 Thiruveediamman Koil Street?

The Sub Registrar Office that covers Thiruveediamman Koil Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannurpet. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must ensure that they are aware of the current guideline value to accurately assess the costs involved.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a value that reflects the local market standards. This helps maintain transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thiruveediamman Koil Street?

The current guideline value of Thiruveediamman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 247 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of +588% over the years.

What is the median guideline value for streets in Mannurpet?

The median guideline value for streets in Mannurpet is Rs 1,300 per sq.ft, with Thiruveediamman Koil Street's current value being above this median.

What fees are associated with property transactions in Thiruveediamman Koil Street?

For a property in Thiruveediamman Koil Street, the stamp duty is 7% and the registration fee is 2% of the guideline value, which together can add significant costs to the transaction.

Where can I find the Sub Registrar Office for Thiruveediamman Koil Street?

The Konnur Sub Registrar Office covers Thiruveediamman Koil Street and is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.