Guideline Value for Thiruveethiamman Koil Street

Thiruveethiamman Koil Street guideline value

The current guideline value of Thiruveethiamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village under the Redhills SRO and is classified as Residential Class I 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 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The 2023 revision saw a substantial increase to Rs 1,500 per sq.ft, followed by another increase to Rs 1,650 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2007 to 2024, the overall increase in the guideline value is 313%. The revisions for 2003 and 2002 show no figures for this street in the register.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. Thiruveethiamman Koil Street's 2024 guideline value is above this median.

• Thiruveethiamman Cross Street: Rs 1,650 per sq.ft (2024)
• Thiru.Vi.Ka. 1st Street: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Pradhana Salai: Rs 1,650 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 1,650 per sq.ft (2024)
• Thiyagi Chinnaswamy Street: Rs 1,650 per sq.ft (2024)
• Thiyagi Sankaralinganar Nadar Street: Rs 1,100 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 guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these charges Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved. This helps maintain transparency 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 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 313% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,48,500, which includes a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000.

Which Sub Registrar Office covers this street?

The Redhills Sub Registrar Office covers Thiruveethiamman Koil Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Thiruveethiamman Koil Street?

Thiruveethiamman Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.