Guideline Value for Thiruveethiamman Koil Second Street

Thiruveethiamman Koil Second Street guideline value

The current guideline value of Thiruveethiamman Koil Second 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, classified as Residential Class III Type - I.

How the guideline value of Thiruveethiamman Koil Second Street has changed

The guideline value for Thiruveethiamman Koil Second Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 370 per sq.ft. This increased to Rs 400 per sq.ft in 2003, marking an 8% rise. The value then rose significantly to Rs 700 per sq.ft in 2007, which was a 75% increase. Following this, the value surged to Rs 2,000 per sq.ft in 2012, reflecting a substantial 186% increase from the previous revision. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%.

In the subsequent revisions, the guideline value increased to Rs 2,000 per sq.ft in 2023, which was a 49% rise from 2017. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, indicating a 10% increase from the previous year. The register has no figure for this street for the years not mentioned in the list.

Guideline values in Malligaicherry

Malligaicherry village has 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Thiruveethiamman Koil Second Street's current guideline value is below this median.

• Thiruveethiamman Koil Street: Rs 2,400 per sq.ft (2024)
• Thiruveethiamman Koil First Street: Rs 2,200 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 Second Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveethiamman Koil Second Street?

The Thiruveethiamman Koil Second Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, 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 Malligaicherry

The guideline value plays a crucial role during the registration process when buying or selling property in Malligaicherry. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the fees are based on a standardized value set by the authorities.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Thiruveethiamman Koil Second 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 370 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 495% across the years.

What is the classification of Thiruveethiamman Koil Second Street?

Thiruveethiamman Koil Second Street is classified as Residential Class III Type - I.

Where can I find the registration office for this street?

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

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

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.