Guideline Value for Theruveedhiyamman Koil Street

Theruveedhiyamman Koil Street guideline value

The current guideline value of Theruveedhiyamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Pennaloor village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Theruveedhiyamman Koil Street has changed

The guideline value for Theruveedhiyamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. However, in the 2023 revision, the value returned to Rs 100 per sq.ft and has remained the same in the 2024 revision, showing no percentage change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, when comparing the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 100 per sq.ft.

Guideline values in Pennaloor

Pennaloor village has a total of 35 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Theruveedhiyamman Koil Street's 2024 figure below that median.

• Theepanjiyamman Koil Street: Rs 100 per sq.ft (2024)
• Subrabath Nagar: Rs 300 per sq.ft (2024)
• Selliyamman Koil Street: Rs 100 per sq.ft (2024)
• Sathya Prabhu Nagar: Rs 200 per sq.ft (2024)
• Sathyamurthy Street: Rs 100 per sq.ft (2024)
• Ramanjuar Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Theruveedhiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees together to Rs 9,000. 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 fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theruveedhiyamman Koil Street?

The Sub Registrar Office that covers Theruveedhiyamman 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Pennaloor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When buying or selling property, it is essential to consider the guideline value, as it ensures that the transaction is recorded accurately and that all necessary fees are calculated based on the established rates. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Theruveedhiyamman Koil Street?

The current guideline value of Theruveedhiyamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a decrease to Rs 67 per sq.ft in 2017 and a return to Rs 100 per sq.ft in 2023.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 100 per sq.ft, the total fees would amount to Rs 9,000.

Which office handles property registrations for Theruveedhiyamman Koil Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Theruveedhiyamman Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees for property transactions. It ensures that the transaction is recorded accurately and that all necessary fees are calculated based on established rates.