Guideline Value for Throupathy Amman Koil Lane

Throupathy Amman Koil Lane guideline value

The current guideline value of Throupathy Amman Koil Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Throupathy Amman Koil Lane has changed

The guideline value for Throupathy Amman Koil Lane has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The value rose again to Rs 1,200 per sq.ft in 2023 before reaching the current rate of Rs 1,300 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents an 8% increase. Overall, from 2007 to 2024, the guideline value has risen by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that Throupathy Amman Koil Lane's 2024 figure is below that median.

• T.H.Road (Chalra Hospital to Tolgate Bus Terminus): Rs 6,600 per sq.ft (2024)
• T.H. Road (Cemetry to Cholra Hospital): Rs 6,600 per sq.ft (2024)
• T.H. Road (Cemetry Road - Mint Manigoondu to H.1 Police Station): Rs 6,600 per sq.ft (2024)
• T.H.Road 1st Lane: Rs 3,300 per sq.ft (2024)
• Thulasingam Street: Rs 2,200 per sq.ft (2024)
• Thoppai Vinayagar Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Throupathy Amman Koil Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the 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 Throupathy Amman Koil Lane?

The Sub Registrar Office that covers Throupathy Amman Koil Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Throupathy Amman Koil Lane?

The current guideline value of Throupathy Amman Koil Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 117% over these years.

What are the stamp duty and registration fees for a property in Throupathy Amman Koil Lane?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Throupathy Amman Koil Lane?

The Royapuram Sub Registrar Office handles registrations for Throupathy Amman Koil Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Throupathy Amman Koil Lane?

Throupathy Amman Koil Lane is classified as Residential Class II Type - I, which influences its guideline value and usage.