Guideline Value for Thiruveethiamman Koil First Street

Thiruveethiamman Koil First Street guideline value

The current guideline value of Thiruveethiamman Koil First Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Malligaicherry village and falls under the Konnur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Thiruveethiamman Koil First Street has changed

The guideline value for Thiruveethiamman Koil First Street has seen several revisions over the years. In 2002, the value was Rs 374 per sq.ft, which increased to Rs 404 per sq.ft in 2003. The value then rose significantly to Rs 700 per sq.ft in 2007, followed by a jump to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023 and is currently set at Rs 2,200 per sq.ft from the 2024 revision. The changes between these revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017.

From 2002 to 2024, the overall change in guideline value is an increase of 488%. The register has no figure for the years not mentioned in the revisions above.

Guideline values in Malligaicherry

Malligaicherry village has a total of 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Thiruveethiamman Koil First Street's 2024 figure below that median.

• Thiruveethiamman Koil Second Street: Rs 2,200 per sq.ft (2024)
• Thiruveethiamman Koil Street: Rs 2,400 per sq.ft (2024)
• Thirumalai Nagar: Rs 3,800 per sq.ft (2024)
• Thirumalai Complex (Flats): Rs 3,800 per sq.ft (2024)
• Therkku Thirumalai Nagar Third Lane @: Rs 3,800 per sq.ft (2024)
• Therkku Thirumalai Nagar Second Lane: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethiamman Koil First Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that 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 more details.

Which Sub Registrar Office covers Thiruveethiamman Koil First Street?

The Sub Registrar Office that covers Thiruveethiamman Koil First Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Malligaicherry. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value helps determine the minimum value at which the transaction can be registered. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruveethiamman Koil First Street?

The current guideline value of Thiruveethiamman Koil First Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 374 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 488% over the years.

What is the registration office for Thiruveethiamman Koil First Street?

The registration office for Thiruveethiamman Koil First Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find more information about guideline values in Malligaicherry?

You can find more information about guideline values in Malligaicherry on the official registration department's website or by visiting the Konnur Sub Registrar Office.