Guideline Value for Theepanji Amman Koil Street

Theepanji Amman Koil Street guideline value

The current guideline value for Theepanji Amman Koil Street is Rs 150 per sq.ft. This street is located in Vadakal_B village under the Sriperumpudur SRO, 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 seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 100 per sq.ft, reflecting a 50% increase from 2017 to 2023.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Vadakal_B

In Vadakal_B village, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft, with a median value of Rs 300 per sq.ft. Theepanji Amman Koil Street's 2024 figure is below this 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 would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total fees Rs 13,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Theepanji Amman Koil Street?

Theepanji Amman Koil Street is covered by 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_B

The guideline value is a crucial factor when registering property transactions in Vadakal_B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and consistency in property dealings. This value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of their financial obligations during the registration process.

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 remained at Rs 150 per sq.ft from 2023 to 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase.

What is the land classification of Theepanji Amman Koil Street?

Theepanji Amman Koil Street is classified as Residential Class IV Type - I.

Which Sub Registrar Office covers this street?

The Sriperumpudur Sub Registrar Office covers Theepanji Amman Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 13,500.