Guideline Value for Telophone Exchange Street

Telophone Exchange Street guideline value

The current guideline value of Telophone Exchange Street is Rs 400 per sq.ft. This street is located in Thandalam village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Telophone Exchange Street has changed

Looking at the revisions, the guideline value for Telophone Exchange Street has seen several changes over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased by 49% to Rs 400 per sq.ft, and it has remained the same in the 2024 revision, showing no change from the previous year.

Additionally, there are no figures available for the revisions in 2002, 2003, and 2007 for Telophone Exchange Street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating stability in the guideline value during this period.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Telophone Exchange Street aligns with this median.

• Theruveedhiyamman Koil Street: Rs 505 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)
• Uma Maheswari Nagar: Rs 300 per sq.ft (2024)
• Varalakshmi Nagar: Rs 300 per sq.ft (2024)
• Sri Iyappa Nagar: Rs 200 per sq.ft (2024)
• Venkateswara Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Telophone Exchange Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Telophone Exchange Street?

The Sub Registrar Office that covers Telophone Exchange Street 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 Thandalam

The guideline value plays a crucial role in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Telophone Exchange Street?

The current guideline value for Telophone Exchange Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 400 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to 2023.

What are the stamp duty rates for properties in Thandalam?

The stamp duty rate for properties in Thandalam is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Telophone Exchange Street?

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

What is the land classification for Telophone Exchange Street?

Telophone Exchange Street is classified as Residential Class II Type - I, which indicates its use for residential purposes.