Guideline Value for Temple Town

Temple Town guideline value

The current guideline value of Temple Town, located in Sriperumbudur C village under the Sriperumpudur SRO, is Rs 1,350 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Temple Town has changed

According to the register, there have been no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The guideline value was Rs 1,350 per sq.ft in the 2023 revision and remains unchanged in the 2024 revision, reflecting a 0% change between these two years.

The 2024 revision marks the latest update, maintaining the same guideline value as the previous year. This consistency indicates stability in the guideline value for Temple Town over the last two years.

Guideline values in Sriperumbudur C

In Sriperumbudur C, there are 63 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 720 per sq.ft. The guideline value for Temple Town is above this median, indicating a higher valuation compared to many other streets in the area.

• Sree Balaji Avenue: Rs 1,200 per sq.ft (2024)
• Shri Guru Ganesh Avenue: Rs 1,200 per sq.ft (2024)
• Santhana Ganapathi Nagar: Rs 720 per sq.ft (2024)
• R K Avenue Part II: Rs 2,000 per sq.ft (2024)
• R K Avenue Part I: Rs 2,000 per sq.ft (2024)
• Ramesh Nagar Part II: Rs 720 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 1,350 per sq.ft, the total guideline value amounts to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, bringing the total charges to Rs 1,21,500. 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 Temple Town?

The Sub Registrar Office that covers Temple Town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions within Sriperumbudur C. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall costs involved in the transaction. Accurate knowledge of these values ensures compliance with local regulations and helps in planning financial commitments effectively.

Frequently asked questions

What is the current guideline value of Temple Town?

The current guideline value of Temple Town is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Temple Town has remained consistent at Rs 1,350 per sq.ft from the 2023 revision to the 2024 revision, showing no change. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Temple Town?

The land classification for Temple Town is Residential Special Type - IV. This classification is important for determining the usage and development potential of the land.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,350 per sq.ft incurs a total of Rs 1,21,500 in these fees.

Where can I find the Sub Registrar Office for Temple Town?

The Sub Registrar Office covering Temple Town is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration processes for properties in the area.