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Guideline Value

Corporate

Guideline Value for Throupathi Amman Koil Lane - 5

₹4400/sq.ft.

The guideline value for Throupathi Amman Koil Lane - 5 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 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Lane - 5

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Throupathi Amman Koil Lane - 5 guideline value

The current guideline value of Throupathi Amman Koil Lane - 5 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 Lane - 5 has changed

The guideline value for Throupathi Amman Koil Lane - 5 has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 4,000 per sq.ft, which increased by 10% to Rs 4,400 per sq.ft in the 2024 revision.

This consistent increase reflects the adjustments made to the guideline values in the area. The 2024 figure matches the median value of Rs 4,400 per sq.ft for other streets in Velachery under the Velacheri SRO.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the current guideline value for Throupathi Amman Koil Lane - 5. Below are other streets in Velachery with their respective 2024 guideline values:

Stamp duty and registration fee for property in Throupathi Amman Koil Lane - 5

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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling 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 details.

Which Sub Registrar Office covers Throupathi Amman Koil Lane - 5?

The Sub Registrar Office that covers Throupathi Amman Koil Lane - 5 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 further assistance.

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

The guideline value is a crucial factor when registering property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the stamp duty and registration fees. This ensures transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of Throupathi Amman Koil Lane - 5?

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

How has the guideline value changed over the years?

The guideline value for Throupathi Amman Koil Lane - 5 was Rs 4,000 per sq.ft in 2023, which increased by 10% to Rs 4,400 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land for Throupathi Amman Koil Lane - 5?

Throupathi Amman Koil Lane - 5 is classified as Residential Class II Type - II. This classification affects the guideline value and property transactions in the area.

Where is the Sub Registrar Office for Throupathi Amman Koil Lane - 5 located?

The Sub Registrar Office covering Throupathi Amman Koil Lane - 5 is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Throupathi Amman Koil Lane - 5?

Stamp duty for properties in Throupathi Amman Koil Lane - 5 is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000.