Guideline Value for TheruVeethiamman Kovil North Street

TheruVeethiamman Kovil North Street guideline value

The current guideline value of TheruVeethiamman Kovil North Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Palnalloor village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of TheruVeethiamman Kovil North Street has changed

The guideline value for TheruVeethiamman Kovil North Street has seen several revisions over the years. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged until the 2017 revision, where it was lowered to Rs 117 per sq.ft. However, the subsequent revisions in 2023 and 2024 brought the value back to Rs 175 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 175 per sq.ft in 2023. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable with a total change of 0%.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. TheruVeethiamman Kovil North Street's 2024 figure is below this median.

• TheruVeethiamman Kovil Street: Rs 175 per sq.ft (2024)
• Thanthoniamman Kovil Street: Rs 250 per sq.ft (2024)
• Thirumallai Nagar: Rs 200 per sq.ft (2024)
• TV Room Street: Rs 175 per sq.ft (2024)
• VGP Vinoth Town: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in TheruVeethiamman Kovil North Street

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, totaling Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TheruVeethiamman Kovil North Street?

The Sub Registrar Office that covers TheruVeethiamman Kovil North 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 more information.

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

The guideline value plays a crucial role during property registration in Palnalloor. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is the basis for calculating these costs.

When registering a property, the guideline value ensures that the transaction is documented at a value recognized by the government. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of TheruVeethiamman Kovil North Street?

The current guideline value of TheruVeethiamman Kovil North Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 117 per sq.ft in 2017. The overall change from 2012 to 2024 is 0%.

What is the land classification of TheruVeethiamman Kovil North Street?

TheruVeethiamman Kovil North Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For instance, a 1,000 sq.ft plot would incur a total fee of Rs 15,750.

Which office handles registrations for TheruVeethiamman Kovil North Street?

The Sunguvarchattram Sub Registrar Office handles registrations for TheruVeethiamman Kovil North Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.