Guideline Value for TheruVeethiamman Kovil Street

TheruVeethiamman Kovil Street guideline value

The current guideline value of TheruVeethiamman Kovil 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 Street has changed

The guideline value for TheruVeethiamman Kovil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 175 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 117 per sq.ft, marking a decline of 33%. However, the value saw a significant increase of 50% in the 2023 revision, bringing it back to Rs 175 per sq.ft. The current guideline value remains the same in the 2024 revision, showing no percentage change from the previous year.

There are no available figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 175 per sq.ft.

Guideline values in Palnalloor

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

• TheruVeethiamman Kovil North 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, while the registration fee at 2% would be Rs 3,500. Therefore, the total cost for stamp duty and registration would be Rs 15,750. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers TheruVeethiamman Kovil Street?

The Sub Registrar Office covering TheruVeethiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential component in the property registration process in Palnalloor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction and that the registration office has a clear understanding of the property's value.

Frequently asked questions

What is the current guideline value of TheruVeethiamman Kovil Street?

The current guideline value of TheruVeethiamman Kovil 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 since 2012, with a decrease to Rs 117 per sq.ft in 2017, followed by an increase back to Rs 175 per sq.ft in 2023. The value has not changed from 2023 to 2024.

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

Other streets in Palnalloor include TheruVeethiamman Kovil North Street at Rs 175 per sq.ft, Thanthoniamman Kovil Street at Rs 250 per sq.ft, and Thirumallai Nagar at Rs 200 per sq.ft, among others.

What is the stamp duty for property in TheruVeethiamman Kovil Street?

The stamp duty for a property valued at Rs 1,75,000 would be Rs 12,250, while the registration fee would be Rs 3,500, totaling Rs 15,750 for a 1,000 sq.ft plot.

Which office handles the registration for TheruVeethiamman Kovil Street?

The registration for TheruVeethiamman Kovil Street is handled by the Sunguvarchattram Sub Registrar Office, located on Vadivamal Nagar Kandigai Road, opposite Caparo Company.