Guideline Value for Theru Veethiamman Kovil Street

Theru Veethiamman Kovil Street guideline value

The current guideline value of Theru Veethiamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Theru Veethiamman Kovil Street has changed

The guideline value for Theru Veethiamman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. Following this, the 2023 revision brought the value back to Rs 200 per sq.ft, and the same value was maintained in the 2024 revision, indicating no percentage change from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 200 per sq.ft, showing no overall change despite fluctuations in earlier revisions. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO, with 2024 guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 226 per sq.ft, placing Theru Veethiamman Kovil Street's 2024 figure below that median.

• Thillai Nagar: Rs 200 per sq.ft (2024)
• Thirumagal Nagar: Rs 350 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 250 per sq.ft (2024)
• Vansanthapuram: Rs 200 per sq.ft (2024)
• Vasantha Garden: Rs 200 per sq.ft (2024)
• Vasantham Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Theru Veethiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 details.

Which Sub Registrar Office covers Theru Veethiamman Kovil Street?

The Sub Registrar Office that covers Theru Veethiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koozhangacheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs involved in the property transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Theru Veethiamman Kovil Street?

The current guideline value of Theru Veethiamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from the 2012 revision to the present. There was a decrease to Rs 134 per sq.ft in 2017, but it returned to Rs 200 per sq.ft in 2023 and has stayed the same in 2024.

What are the other streets in Koozhangacheri with their guideline values?

Other streets in Koozhangacheri include Thillai Nagar at Rs 200 per sq.ft, Thirumagal Nagar at Rs 350 per sq.ft, Sri Vijayalakshmi Nagar at Rs 250 per sq.ft, Vansanthapuram at Rs 200 per sq.ft, Vasantha Garden at Rs 200 per sq.ft, and Vasantham Nagar at Rs 200 per sq.ft.

What is the stamp duty for a property in Theru Veethiamman Kovil Street?

The stamp duty for a property valued at Rs 2,00,000 would be Rs 14,000, calculated at 7% of the guideline value. Additionally, the registration fee would be Rs 4,000 at 2% of the guideline value.

Which office handles the registration for Theru Veethiamman Kovil Street?

The registration for Theru Veethiamman Kovil Street is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.