Guideline Value for Throupathi Amman Koil 5th Street

Throupathi Amman Koil 5th Street guideline value

The current guideline value of Throupathi Amman Koil 5th 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 5th Street has changed

The guideline value for Throupathi Amman Koil 5th Street has seen significant changes over the years. In the 2017 revision, the guideline value was set at Rs 2,680 per sq.ft. The most recent revision in 2024 shows a substantial increase to Rs 4,400 per sq.ft, marking a 64% rise from the 2017 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2023 for this street. The only available revisions are from 2017 and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the 2024 guideline value of Throupathi Amman Koil 5th Street.

• Throupathi Amman Koil 4th Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 6th Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 3rd Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil Lane: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 2nd Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil Lane - 1: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Throupathi Amman Koil 5th 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 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.

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

Which Sub Registrar Office covers Throupathi Amman Koil 5th Street?

The Sub Registrar Office that covers Throupathi Amman Koil 5th 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Throupathi Amman Koil 5th Street?

The current guideline value of Throupathi Amman Koil 5th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting a 64% rise.

Are there any years without a guideline value for this street?

Yes, there are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2023 for Throupathi Amman Koil 5th Street.

What is the classification of Throupathi Amman Koil 5th Street?

Throupathi Amman Koil 5th Street is classified as Residential Class II Type - II under the Velacheri SRO.

How is stamp duty calculated for properties in Throupathi Amman Koil 5th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft incurs a total guideline value of Rs 44,00,000, leading to stamp duty and registration fees based on that amount.