Guideline Value for Thiruveethiamman Kovil Street

Thiruveethiamman Kovil Street guideline value

The current guideline value of Thiruveethiamman Kovil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thiruveethiamman Kovil Street has changed

The guideline value for Thiruveethiamman Kovil Street has seen several revisions over the years. In 2002, the value was Rs 373 per sq.ft, which increased to Rs 405 per sq.ft in 2003, marking a 9% rise. By 2007, the value jumped significantly to Rs 800 per sq.ft, reflecting a 98% increase. The 2012 revision saw the value rise to Rs 2,500 per sq.ft, which was a substantial 213% increase from the previous figure. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33% from 2012. The value then increased to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 637%. It is important to note that there are no figures available for the revisions in years other than those listed above.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing Thiruveethiamman Kovil Street's current value below this median.

• Thiruvalluvar Street: Rs 3,800 per sq.ft (2024)
• Thomas Street: Rs 6,000 per sq.ft (2024)
• T.V.K. 1 Street: Rs 3,800 per sq.ft (2024)
• T.V.K. IInd, IIIrd, IVth Street: Rs 3,800 per sq.ft (2024)
• T.V.K. Street: Rs 3,800 per sq.ft (2024)
• Therku Redkills Road: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveethiamman Kovil Street?

The Sub Registrar Office that covers Thiruveethiamman Kovil 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 details.

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

The guideline value is a crucial factor in the registration of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which can impact the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruveethiamman Kovil Street?

The current guideline value of Thiruveethiamman Kovil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 373 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 637% over this period.

What is the median guideline value for streets in Konnur?

The median guideline value for streets in Konnur is Rs 3,800 per sq.ft, with Thiruveethiamman Kovil Street's value being below this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost of these fees would be Rs 2,47,500 based on the current guideline value.

Which office handles the registration for Thiruveethiamman Kovil Street?

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