Guideline Value for Throupathi Amman Koil 6th Street

Throupathi Amman Koil 6th Street guideline value

The current guideline value for Throupathi Amman Koil 6th 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 falls under the Residential Class II Type - II land classification.

How the guideline value of Throupathi Amman Koil 6th Street has changed

The guideline value for Throupathi Amman Koil 6th Street has seen significant changes over the years. The 2017 revision set the value at Rs 2,680 per sq.ft, and the latest 2024 revision increased it to Rs 4,400 per sq.ft, marking a change of +64% from the previous figure.

It is important to note that there are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only relevant revisions are from 2017 to 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with 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 current guideline value for Throupathi Amman Koil 6th Street.

• Throupathi Amman Koil 5th Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil Lane: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 4th Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil Lane - 1: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil 3rd Street: Rs 4,400 per sq.ft (2024)
• Throupathi Amman Koil Lane - 2: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Throupathi Amman Koil 6th 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 charges to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and 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 6th Street?

The Sub Registrar Office that covers Throupathi Amman Koil 6th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Throupathi Amman Koil 6th Street?

The current guideline value for Throupathi Amman Koil 6th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, representing a change of +64%.

Which Sub Registrar Office handles registrations for this area?

The Velacheri Sub Registrar Office handles registrations for Throupathi Amman Koil 6th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the same amount.

Are there other streets with the same guideline value in Velachery?

Yes, several other streets in Velachery have the same guideline value of Rs 4,400 per sq.ft, including Throupathi Amman Koil 5th Street, Throupathi Amman Koil Lane, and others.