Guideline Value for Thiruveethiamman Koil Street

Thiruveethiamman Koil Street guideline value

The current guideline value of Thiruveethiamman Koil Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Malligaicherry village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruveethiamman Koil Street has changed

The guideline value for Thiruveethiamman Koil Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 374 per sq.ft, which increased to Rs 404 per sq.ft in 2003, marking an 8% rise. The 2007 revision saw a significant increase to Rs 700 per sq.ft, a jump of 73%. In 2012, the value remained at Rs 2,250 per sq.ft, but it dropped by 33% to Rs 1,507 per sq.ft in 2017. The 2023 revision set the value at Rs 2,250 per sq.ft, and the most recent 2024 revision has increased it to Rs 2,400 per sq.ft, reflecting a 7% rise.

Overall, from 2002 to 2024, the guideline value has increased by 542%. There are no figures available for the years not mentioned in this register for Thiruveethiamman Koil Street.

Guideline values in Malligaicherry

In Malligaicherry, a total of 49 streets are listed under the Konnur SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the current guideline value of Thiruveethiamman Koil Street.

• Thiruveethiamman Koil Second Street: Rs 2,200 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to 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 Street?

The Sub Registrar Office that covers Thiruveethiamman Koil Street is the Konnur Sub Registrar Office, located at 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 Malligaicherry

The guideline value is a crucial factor during the registration process when buying or selling property in Malligaicherry. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Thiruveethiamman Koil Street?

The current guideline value of Thiruveethiamman Koil Street is Rs 2,400 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 374 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, marking an increase of 542% over the years.

What is the registration office for Thiruveethiamman Koil Street?

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

What are the other streets in Malligaicherry?

Other streets in Malligaicherry include Thiruveethiamman Koil Second Street, Thiruveethiamman Koil First Street, Thirumalai Nagar, Thirumalai Complex (Flats), Therkku Thirumalai Nagar Third Lane, and Therkku Thirumalai Nagar Second Lane, with varying guideline values.

How is the stamp duty calculated for properties in Thiruveethiamman Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.