Guideline Value for Throupathi Amman Koil 2nd Street

Throupathi Amman Koil 2nd Street guideline value

The current guideline value for Throupathi Amman Koil 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Throupathi Amman Koil 2nd Street has changed

The guideline value for Throupathi Amman Koil 2nd Street has undergone several revisions over the years. The oldest recorded figure is from 2017, where the value was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the value increase by 10% to Rs 4,400 per sq.ft, resulting in an overall increase of 64% from the 2017 figure.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not established during those years.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value. The values range from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Throupathi Amman Koil 2nd Street's current guideline value aligns with this median.

• Throupathi Amman Koil 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 3rd Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 1st Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 4th Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 1st Cross Street: Rs 3,850 per sq.ft (2024)
• Throupathi Amman Koil 5th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Throupathi Amman Koil 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Throupathi Amman Koil 2nd Street?

The Sub Registrar Office that covers Throupathi Amman Koil 2nd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps in the proper assessment of property taxes.

Frequently asked questions

What is the current guideline value for Throupathi Amman Koil 2nd Street?

The current guideline value for Throupathi Amman Koil 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Other recorded revisions for this street were in 2023 and 2017.

What was the guideline value in 2017?

The guideline value for Throupathi Amman Koil 2nd Street in 2017 was Rs 2,680 per sq.ft.

What is the stamp duty rate in Chennai?

The stamp duty rate in Chennai is typically 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by using the provided link to locate the appropriate office based on your area.