Guideline Value for Theru Veedhiyamman Koil Street

Theru Veedhiyamman Koil Street guideline value

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

How the guideline value of Theru Veedhiyamman Koil Street has changed

In the 2012 revision, the guideline value was Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a decline of 33%. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Nemili

In Nemili village, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft, with a median value of Rs 250 per sq.ft. Theru Veedhiyamman Koil Street's 2024 figure is below this median.

• Subash Chandrabose Street: Rs 150 per sq.ft (2024)
• Sri Ram Nagar Extn: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 400 per sq.ft (2024)
• Va.Voo.Si Street: Rs 210 per sq.ft (2024)
• Srinivasa Nagar: Rs 210 per sq.ft (2024)
• Venkateswara Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Theru Veedhiyamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the 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, totaling Rs 13,500. 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 details.

Which Sub Registrar Office covers Theru Veedhiyamman Koil Street?

The Sub Registrar Office covering Theru Veedhiyamman Koil Street is 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 Nemili

The guideline value is an essential factor in the registration process of property transactions in Nemili. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Theru Veedhiyamman Koil Street?

The current guideline value of Theru Veedhiyamman 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 various changes, with the most recent being Rs 150 per sq.ft in both the 2023 and 2024 revisions. It was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

What is the classification of land on Theru Veedhiyamman Koil Street?

Theru Veedhiyamman Koil Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Theru Veedhiyamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nemili?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a plot valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.