Guideline Value for Telugu Nagar Colony

Telugu Nagar Colony guideline value

The current guideline value of Telugu Nagar Colony in Valarpuram village is Rs 200 per sq.ft, effective from the 2024 revision. This area falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Telugu Nagar Colony has changed

The guideline value for Telugu Nagar Colony has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase, with the guideline value rising to Rs 134 per sq.ft, reflecting a 49% increase from the previous figure. However, the revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft. The most recent revision in 2024 maintained the same value as the previous year, indicating no change from 2023 to 2024.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Telugu Nagar Colony is below this median.

• Sundara Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Sundaramoorthy Avenue: Rs 300 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 200 per sq.ft (2024)
• Subham Extension: Rs 700 per sq.ft (2024)
• Subham: Rs 700 per sq.ft (2024)
• Thirumal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Telugu Nagar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Telugu Nagar Colony?

The Telugu Nagar Colony is covered by 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 Valarpuram

The guideline value is a crucial factor when registering property transactions in Valarpuram. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value.

When you buy or sell property in this area, the guideline value will influence the stamp duty and registration fees you need to pay. It is essential to be aware of the current guideline value to understand the financial implications of your property transaction.

Frequently asked questions

What is the current guideline value of Telugu Nagar Colony?

The current guideline value of Telugu Nagar Colony is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various revisions, with the most recent being Rs 200 per sq.ft in 2024, which is the same as the 2023 revision. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification of Telugu Nagar Colony?

Telugu Nagar Colony is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Sriperumpudur Sub Registrar Office located?

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

How is stamp duty calculated for properties in Telugu Nagar Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 14,000.