Guideline Value for Thiruveethi Amman Koil 2nd Lane

Thiruveethi Amman Koil 2nd Lane guideline value

The current guideline value of Thiruveethi Amman Koil 2nd Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Thiruveethi Amman Koil 2nd Lane has changed

The guideline value for Thiruveethi Amman Koil 2nd Lane has undergone several revisions over the years. The earliest available figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, it saw a decrease to Rs 2,680 per sq.ft in 2017, which is a decline of 33%. Subsequently, the value rose to Rs 4,000 per sq.ft in 2023, and then to the current rate of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 340%. It is noteworthy that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which aligns with the current value of Thiruveethi Amman Koil 2nd Lane.

• Thiruveethi Amman Koil 1st Lane: Rs 4,400 per sq.ft (2024)
• Thiru Veethi Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Street (Slum Clearance Board): Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 10th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 11th Street: Rs 3,800 per sq.ft (2024)
• T.P. Chathiram 12th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethi Amman Koil 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveethi Amman Koil 2nd Lane?

The Thiruveethi Amman Koil 2nd Lane falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Aminjikarai. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is essential for ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value helps in establishing a fair assessment of the property's worth for taxation purposes. Both buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Thiruveethi Amman Koil 2nd Lane?

The current guideline value of Thiruveethi Amman Koil 2nd Lane 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. The value saw increases and decreases through various revisions, including a notable rise of 300% from 2007 to 2012 and a decline to Rs 2,680 per sq.ft in 2017.

What is the stamp duty for property in Thiruveethi Amman Koil 2nd Lane?

The stamp duty for property in Thiruveethi Amman Koil 2nd Lane is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would amount to Rs 3,08,000 based on the current guideline value.

Which office handles the registration for Thiruveethi Amman Koil 2nd Lane?

The AnnaNagar Sub Registrar Office handles the registration for Thiruveethi Amman Koil 2nd Lane. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Thiruveethi Amman Koil 2nd Lane?

The land classification for Thiruveethi Amman Koil 2nd Lane is Residential Class II Type - II. This classification is important for understanding the zoning and permissible uses of the property in this area.