Guideline Value for Temple Town

Temple Town guideline value

The current guideline value for Temple Town, located in Vallam_B village under the Sriperumpudur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class I Type - I.

How the guideline value of Temple Town has changed

The guideline value for Temple Town has remained consistent at Rs 400 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no recorded figures for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

Thus, from the 2023 revision to the 2024 revision, there has been no change in the guideline value, maintaining a steady rate of Rs 400 per sq.ft. The lack of figures in earlier revisions indicates that the current rate is the first established value for this street.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 400 per sq.ft, which aligns with the current guideline value for Temple Town.

• Thideer Nagar: Rs 200 per sq.ft (2024)
• Thideer Nagar 1st Street: Rs 200 per sq.ft (2024)
• Thideer Nagar Cross Street: Rs 150 per sq.ft (2024)
• Thirumurugan Nagar: Rs 400 per sq.ft (2024)
• Thirumuruga Variyar Nagar: Rs 400 per sq.ft (2024)
• Sri Vishnu Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Temple Town

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

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Temple Town?

The Sub Registrar Office covering 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 additional assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallam_B. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the amounts are calculated based on an official valuation.

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 required fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Temple Town?

The current guideline value for Temple Town is Rs 400 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 at Rs 400 per sq.ft since the 2023 revision. There are no recorded figures for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Temple Town?

Temple Town is classified under Residential Class I Type - I, indicating its designation for residential use.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

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