Guideline Value for TEMPLE VIEW CITY

Temple View City guideline value

The current guideline value of Temple View City in Surai village is Rs 101 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam Sub Registrar Office (SRO) and is classified as Residential Special Type - V.

How the guideline value of Temple View City has changed

The guideline value for Temple View City has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was set at Rs 100 per sq.ft. This value remained unchanged until the 2017 revision, which saw a significant increase to Rs 67 per sq.ft, marking a decrease of 33%. The value then rose to Rs 100 per sq.ft in 2023, and the latest revision in 2024 has increased it to Rs 101 per sq.ft, reflecting a 1% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a marginal increase of 1%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Surai

In Surai village, there are six streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median guideline value for these streets is Rs 151 per sq.ft, placing Temple View City below this median.

• Sri Venkateshwara Nagar: Rs 200 per sq.ft (2024)
• VIP CITY in SMA GREEN GARDEN: Rs 200 per sq.ft (2024)
• Santuary: Rs 100 per sq.ft (2024)
• Indira Ranga Plots: Rs 100 per sq.ft (2024)
• "Arunachala Eswarar Nagar": Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Temple View City

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, while the registration fee at 2% would be Rs 2,020. Together, the total cost for stamp duty and registration would be Rs 9,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Temple View City?

The Sub Registrar Office that covers Temple View City is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Surai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

When registering a property, it is essential to consider the guideline value, as it impacts the overall cost of the transaction. Understanding these values can help buyers and sellers navigate the registration process more effectively.

Frequently asked questions

What is the current guideline value of Temple View City?

The current guideline value of Temple View City is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increasing to Rs 100 per sq.ft in 2023, and finally to Rs 101 per sq.ft in 2024.

What is the land classification of Temple View City?

Temple View City is classified as Residential Special Type - V, indicating its designation for residential purposes.

How is stamp duty calculated for properties in Temple View City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,01,000, the stamp duty would be Rs 7,070 at a rate of 7%.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.