Guideline Value for Temple View Colony/Flats

Temple View Colony/Flats guideline value

The current guideline value for Temple View Colony/Flats is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Thirumangalam village under the AnnaNagar SRO, classified as Residential Class I Type - I.

How the guideline value of Temple View Colony/Flats has changed

The guideline value for Temple View Colony/Flats has seen significant changes over the years. Starting from the 2007 revision, the value was set at Rs 2,200 per sq.ft. It increased dramatically to Rs 13,500 per sq.ft in 2012, marking a rise of 514%. However, between 2012 and 2017, the value decreased to Rs 9,045 per sq.ft, reflecting a drop of 33%. The 2023 revision brought the value back up to Rs 13,500 per sq.ft, and the latest revision in 2024 set it at Rs 14,800 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 573%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, placing Temple View Colony/Flats above this median.

• Telephone Stores: Rs 11,500 per sq.ft (2024)
• Sunshine Apartments: Rs 13,200 per sq.ft (2024)
• Thillaiyadi Valliammai Nagar: Rs 4,400 per sq.ft (2024)
• Thiru Vi Ka Street, Thillaiyadi Valliammai Nagar: Rs 3,300 per sq.ft (2024)
• Vivekananda Street: Rs 11,500 per sq.ft (2024)
• Sangam Apartments: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Temple View Colony/Flats

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, and the registration fee at 2% would be Rs 2,96,000, totaling Rs 13,32,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Temple View Colony/Flats?

The Temple View Colony/Flats is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumangalam. 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 authorities will use the guideline value to calculate the applicable fees, ensuring that the transaction is legally compliant. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Temple View Colony/Flats?

The current guideline value for Temple View Colony/Flats is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,200 per sq.ft in 2007 to Rs 14,800 per sq.ft in 2024, with various revisions reflecting increases and decreases over the years.

What is the registration office for Temple View Colony/Flats?

The registration office for Temple View Colony/Flats is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Thirumangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,48,00,000 would incur a stamp duty of Rs 10,36,000 at 7%.

What are the other streets in Thirumangalam with guideline values?

Other streets in Thirumangalam include Telephone Stores at Rs 11,500 per sq.ft, Sunshine Apartments at Rs 13,200 per sq.ft, and several others, each with their respective guideline values for 2024.