Guideline Value for Theepanji Amman Koil Street

Theepanji Amman Koil Street guideline value

The current guideline value of Theepanji Amman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Vadakal village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Theepanji Amman Koil Street has changed

The guideline value for Theepanji Amman Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was set at Rs 150 per sq.ft. In 2017, this value decreased to Rs 100 per sq.ft, marking a 33% decline. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2024 revision maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the guideline value has remained consistent at Rs 150 per sq.ft from 2012 to 2024, with fluctuations occurring only in the intervening years.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, indicating that Theepanji Amman Koil Street's 2024 figure is below that median.

• Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)
• Thalaiyari Street: Rs 150 per sq.ft (2024)
• Tristar City: Rs 150 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Theepanji Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Theepanji Amman Koil Street?

Theepanji Amman Koil Street falls under the jurisdiction of 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 Vadakal

The guideline value is an essential factor in property transactions in Vadakal, as it determines the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the fees, ensuring that the transaction is recorded accurately. It is crucial for both parties to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Theepanji Amman Koil Street?

The current guideline value of Theepanji Amman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is a 0% increase.

What is the land classification for Theepanji Amman Koil Street?

Theepanji Amman Koil Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What are the registration fees for property transactions in Vadakal?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 13,500.

Which office handles registrations for Theepanji Amman Koil Street?

The registrations for Theepanji Amman Koil Street are handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.