Guideline Value for Thiruveethi Amman Koil IInd Street - Lane

Thiruveethi Amman Koil IInd Street - Lane guideline value

The current guideline value of Thiruveethi Amman Koil IInd Street - Lane is Rs 6,380 per sq.ft. This street is located in Porur village, under the Kunrathur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Thiruveethi Amman Koil IInd Street - Lane has changed

The guideline value for Thiruveethi Amman Koil IInd Street - Lane has experienced several revisions over the years. In 2012, the guideline value was Rs 5,800 per sq.ft, which then decreased to Rs 3,886 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 5,800 per sq.ft in 2023, and then rose again to the current value of Rs 6,380 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2023 to 2024 revision saw a 10% increase, while the 2017 to 2023 revision showed a substantial increase of 49%. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. Thiruveethi Amman Koil IInd Street - Lane's 2024 figure is above this median.

• Thiruvalluvar Street: Rs 4,290 per sq.ft (2024)
• Thiru Murugan Nagar Ist Street: Rs 4,950 per sq.ft (2024)
• Thiru Murugan Nagar II nd Street: Rs 4,950 per sq.ft (2024)
• Thirumurugan Nagar IInd Cross Street: Rs 4,950 per sq.ft (2024)
• Thirumurugan Nagar IIIrd Cross Street: Rs 4,950 per sq.ft (2024)
• Thirumurugan Nagar 1st Main Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethi Amman Koil IInd Street - Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value would be Rs 63,80,000. The stamp duty at 7% would amount to Rs 4,46,600, and the registration fee at 2% would be Rs 1,27,600, bringing the total fees to Rs 5,74,200. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruveethi Amman Koil IInd Street - Lane?

The Sub Registrar Office that covers Thiruveethi Amman Koil IInd Street - Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Thiruveethi Amman Koil IInd Street - Lane?

The current guideline value of Thiruveethi Amman Koil IInd Street - Lane is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,800 per sq.ft in 2012 to Rs 3,886 per sq.ft in 2017, then back to Rs 5,800 per sq.ft in 2023, and finally to Rs 6,380 per sq.ft in 2024.

What is the land classification of Thiruveethi Amman Koil IInd Street - Lane?

Thiruveethi Amman Koil IInd Street - Lane is classified as Commercial Class I Type - I.

Where can I find the registration office for this street?

The registration office covering Thiruveethi Amman Koil IInd Street - Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 63,80,000, the stamp duty would be calculated at 7% of that amount.