Guideline Value for Thiruveethiyamman Koil Street

Thiruveethiyamman Koil Street guideline value

The current guideline value of Thiruveethiyamman Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thiruveethiyamman Koil Street has changed

The guideline value for Thiruveethiyamman Koil Street has seen several revisions over the years. In 2003, the value was Rs 156 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2007, marking a change of +92%. The value then surged to Rs 2,300 per sq.ft in 2012, reflecting a remarkable increase of +667%. However, there was a decrease to Rs 1,541 per sq.ft in 2017, which was a drop of -33%. The guideline value rose again to Rs 2,300 per sq.ft in 2023, with an increase of +49%. The latest revision in 2024 has set the value at Rs 2,530 per sq.ft, which is a +10% increase from 2023.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +1522%.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value is Rs 2,530 per sq.ft, which is the same as the guideline value for Thiruveethiyamman Koil Street. Below are the guideline values for other streets in Kilkattalai:

• Thiruvenkadamudaiyan Street: Rs 2,530 per sq.ft (2024)
• Thirvalluvar Nagar Main Road: Rs 3,080 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 3,080 per sq.ft (2024)
• Tiruvalluvar Nagar 5th Street: Rs 3,080 per sq.ft (2024)
• Tiruvalluvar Nagar Main Road: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration would be Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveethiyamman Koil Street?

The Sub Registrar Office that covers Thiruveethiyamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kilkattalai. It determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure they are complying with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruveethiyamman Koil Street?

The current guideline value of Thiruveethiyamman Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 156 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, marking an overall increase of +1522% over the years.

What is the registration office for Thiruveethiyamman Koil Street?

The registration office for Thiruveethiyamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 25,30,000.

What are the guideline values for other streets in Kilkattalai?

Other streets in Kilkattalai have varying guideline values. For instance, Thiruvenkadamudaiyan Street and Thiruveethiyamman Koil Street both have a guideline value of Rs 2,530 per sq.ft, while Thirvalluvar Nagar Main Road has a guideline value of Rs 3,080 per sq.ft.