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_B village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Theru Veedhiyamman Koil Street has changed

The guideline value for Theru Veedhiyamman Koil Street has remained constant at Rs 150 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 100 per sq.ft, indicating a 50% increase over the period from 2017 to 2023.

There are no figures available for the revisions in 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 Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value in this village is Rs 250 per sq.ft, placing Theru Veedhiyamman Koil Street's 2024 figure below that median.

• Subash Chandrabose Street: Rs 150 per sq.ft (2024)
• Vasantham Colony: Rs 200 per sq.ft (2024)
• Sri Ram Nagar Part II: Rs 300 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 200 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 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, bringing the total fees to 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 detailed calculations.

Which Sub Registrar Office covers Theru Veedhiyamman Koil Street?

The Sub Registrar Office that covers 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the purchase or sale of property.

When you buy or sell property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty, ensuring that the fees reflect the true value of the transaction.

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 remained the same 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 over that period.

What are the other streets in Nemili_B and their guideline values?

Other streets in Nemili_B have varying guideline values. For instance, Subash Chandrabose Street and Theru Veedhiyamman Koil Street both have a guideline value of Rs 150 per sq.ft, while Sri Ram Nagar has a higher value of Rs 400 per sq.ft.

Where can I find the Sub Registrar Office for Theru Veedhiyamman Koil 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 the stamp duty calculated for property transactions?

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