Guideline Value for TheruVeethiyamman Koil Theru

TheruVeethiyamman Koil Theru guideline value

The current guideline value of TheruVeethiyamman Koil Theru is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Srinivasapuram village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of TheruVeethiyamman Koil Theru has changed

Looking back at the revisions, the guideline value for TheruVeethiyamman Koil Theru was Rs 938 per sq.ft in 2017. This increased to Rs 1,400 per sq.ft in 2012, followed by a rise to Rs 1,400 per sq.ft in 2023. The most recent revision in 2024 saw the value increase to Rs 1,550 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it rose by 11%. The overall change from 2012 to 2024 reflects an increase of 11%.

Guideline values in Srinivasapuram

In Srinivasapuram, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,550 to Rs 7,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. TheruVeethiyamman Koil Theru's 2024 figure is below this median.

• Sri Venkateswara Nagar: Rs 2,000 per sq.ft (2024)
• Srivasapuram Main Road: Rs 1,750 per sq.ft (2024)
• Sri Srinivasa Avenue: Rs 1,650 per sq.ft (2024)
• Sri Sangeetham Nagar: Rs 1,550 per sq.ft (2024)
• Sri Sai Nagar: Rs 3,600 per sq.ft (2024)
• Sri Ram Nagar: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in TheruVeethiyamman Koil Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, totaling Rs 1,39,500. 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 details.

Which Sub Registrar Office covers TheruVeethiyamman Koil Theru?

The Sub Registrar Office that covers TheruVeethiyamman Koil Theru is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Srinivasapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of TheruVeethiyamman Koil Theru?

The current guideline value of TheruVeethiyamman Koil Theru is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 938 per sq.ft in 2017, Rs 1,400 per sq.ft in 2012, Rs 1,400 per sq.ft in 2023, and Rs 1,550 per sq.ft in 2024.

What is the land classification for TheruVeethiyamman Koil Theru?

TheruVeethiyamman Koil Theru is classified as Residential Class I Type - I.

Where can I find the registration office for TheruVeethiyamman Koil Theru?

The registration office for TheruVeethiyamman Koil Theru is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in TheruVeethiyamman Koil Theru?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 at a rate of 7%.