Guideline Value for Telephone Lane

Telephone Lane guideline value

The current guideline value of Telephone Lane in Sriperumbudur A village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - II.

How the guideline value of Telephone Lane has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 800 per sq.ft. The most recent revision in 2024 has kept the value the same at Rs 800 per sq.ft, indicating no percentage change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49%.

There are no recorded figures for Telephone Lane in the revisions from 2002, 2003, 2007, and 2012. The significant change from 2017 to 2023 was a 49% increase, bringing the value to Rs 800 per sq.ft, which has remained consistent in the following years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, making Telephone Lane's 2024 figure of Rs 800 per sq.ft above this median.

• Teachers Green Meadow Ph.I: Rs 1,000 per sq.ft (2024)
• Suvisesapuram: Rs 1,000 per sq.ft (2024)
• Thanthondri Amman Koil Street: Rs 700 per sq.ft (2024)
• Sundaram Nagar: Rs 700 per sq.ft (2024)
• Then Pushkarani Street: Rs 700 per sq.ft (2024)
• Theradi Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Telephone Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. 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 Telephone Lane?

The Sub Registrar Office that covers Telephone Lane is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated costs accurately.

When registering a property, the guideline value serves as a benchmark to assess the transaction's value. It is essential for both parties to understand the guideline value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Telephone Lane?

The current guideline value of Telephone Lane is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, rising from Rs 536 per sq.ft to Rs 800 per sq.ft in 2024.

What is the land classification for Telephone Lane?

Telephone Lane is classified as Residential Class II Type - II under the current regulations.

Where can I find the Sub Registrar Office for Telephone Lane?

The Sub Registrar Office for Telephone Lane is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 800 per sq.ft incurs a total of Rs 72,000 in fees.