Guideline Value for Theru veedhiyamman Koil Street

Theru veedhiyamman Koil Street guideline value

The current guideline value of Theru veedhiyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Eraiyur village, under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Theru veedhiyamman Koil Street has changed

Over the years, the guideline value of Theru veedhiyamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this rate with no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only available revisions are from 2012, 2017, 2023, and the current 2024 figures, which reflect a stable guideline value since 2012.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with the median value being Rs 200 per sq.ft. The guideline value of Theru veedhiyamman Koil Street is equal to this median.

• Thideer Nagar: Rs 200 per sq.ft (2024)
• Sumangali Nagar Extn: Rs 350 per sq.ft (2024)
• Sumangali Nagar: Rs 350 per sq.ft (2024)
• Sri Vanmugil Avenue: Rs 300 per sq.ft (2024)
• Vallikattamman Koil Street: Rs 200 per sq.ft (2024)
• Vasanthapuram: 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 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 charges 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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 more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Eraiyur. It serves as the baseline value for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the official valuation.

When a property is sold, the guideline value helps to establish the minimum price at which the property can be registered. This ensures that all transactions are conducted transparently and that the government receives the appropriate revenue from property transfers.

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 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 since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023. The 2024 revision has maintained this value.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or sale price, whichever is higher.

Which office handles the registration for Theru veedhiyamman Koil Street?

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

What is the land classification for Theru veedhiyamman Koil Street?

Theru veedhiyamman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.