Guideline Value for Sayilakshmi Theru

Sayilakshmi Theru guideline value

The current guideline value of Sayilakshmi Theru is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Sayilakshmi Theru has changed

The guideline value for Sayilakshmi Theru has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was set at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a drop of 33%. In 2023, the value increased to Rs 1,500 per sq.ft, and in the latest revision of 2024, it rose again to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which means that the guideline value of Sayilakshmi Theru is below this median.

• School Street: Rs 1,650 per sq.ft (2024)
• Sathiya Moorthy Street (1 to 5): Rs 2,640 per sq.ft (2024)
• Sathiya Moorthy Lane: Rs 2,310 per sq.ft (2024)
• Sathguru Apartments: Rs 2,640 per sq.ft (2024)
• Secretariate Colony: Rs 1,650 per sq.ft (2024)
• Sasivaradhan Nagar Main Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sayilakshmi Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. 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 Sayilakshmi Theru?

The Sub Registrar Office that covers Sayilakshmi Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value is used to assess the minimum value for taxation purposes, which means that buyers and sellers must be aware of the current rates to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sayilakshmi Theru?

The current guideline value of Sayilakshmi Theru is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,500 per sq.ft to Rs 1,650 per sq.ft in 2024. Notably, there was a decrease to Rs 1,005 per sq.ft in 2017, followed by an increase to Rs 1,500 per sq.ft in 2023.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft for the year 2024. The guideline value for Sayilakshmi Theru is below this median.

What are the stamp duty and registration fees for properties in Sayilakshmi Theru?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,48,500, including both fees.

Where is the Sub Registrar Office for Sayilakshmi Theru located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles registrations for Sayilakshmi Theru.