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Guideline Value

Corporate

Guideline Value for Throupathi Amman Koil 4th Street

₹4400/sq.ft.

The guideline value for Throupathi Amman Koil 4th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Throupathi Amman Koil 4th Street

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Throupathi Amman Koil 4th Street guideline value

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

How the guideline value of Throupathi Amman Koil 4th Street has changed

The guideline value for Throupathi Amman Koil 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision. The most recent revision in 2024 saw the guideline value rise again to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, the value jumped by 49% from 2017 to 2023 and saw a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Throupathi Amman Koil 4th Street.

Stamp duty and registration fee for property in Throupathi Amman Koil 4th 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 fees to Rs 3,96,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Throupathi Amman Koil 4th Street?

The Throupathi Amman Koil 4th Street falls under the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property transactions in Velachery. It serves as a reference point for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures that both parties are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Throupathi Amman Koil 4th Street?

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

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 seeing an increase to Rs 4,400 per sq.ft from Rs 4,000 per sq.ft in 2023. Overall, from 2012 to 2024, the value has increased by 10%.

What is the stamp duty for property in Throupathi Amman Koil 4th Street?

The stamp duty for property in Throupathi Amman Koil 4th Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles registrations for properties in the area.

What are the guideline values for other streets in Velachery?

Other streets in Velachery have the same guideline value of Rs 4,400 per sq.ft in 2024. This includes Throupathi Amman Koil 3rd Street, 5th Street, 2nd Street, 6th Street, 2nd Cross Street, and Throupathi Amman Koil Lane.