Guideline Value for Temple Town

Temple Town guideline value

The current guideline value for Temple Town, located in Thiruneermalai village under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Temple Town has changed

The guideline value of Temple Town has seen significant changes over the years. In 2003, the value was Rs 203 per sq.ft, which increased to Rs 810 per sq.ft in 2007, marking a substantial rise of 299%. The following revision in 2017 set the value at Rs 1,206 per sq.ft, reflecting a 49% increase from the 2007 figure. In 2023, the guideline value rose to Rs 1,800 per sq.ft, again showing a 49% increase from the previous revision. The latest revision in 2024 has set the value at Rs 1,980 per sq.ft, which is a 10% increase from 2023.

Overall, from 2003 to 2024, the guideline value has increased by 875%. It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. The guideline value for Temple Town is below this median.

• Tamil Nadu Housing Board: Rs 2,420 per sq.ft (2024)
• Thandu Mariamman Koil Street: Rs 2,200 per sq.ft (2024)
• Tagore Street: Rs 2,200 per sq.ft (2024)
• Thanigai Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Theradi Street: Rs 2,200 per sq.ft (2024)
• Sukilachavadi: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Temple Town

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total fees together Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Temple Town?

The Sub Registrar Office that covers Temple Town is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruneermalai. 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 with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Temple Town?

The current guideline value for Temple Town is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 203 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 875% over this period.

What are the stamp duty and registration fees for property in Temple Town?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,78,200, which includes a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600.

Which Sub Registrar Office covers Temple Town?

The Pammal Sub Registrar Office covers Temple Town, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Temple Town?

The land classification for Temple Town is Residential Class II Type - I, indicating its designated use for residential purposes.