Guideline Value for Theruveedhiyamman Koil Street

Theruveedhiyamman Koil Street guideline value

The current guideline value of Theruveedhiyamman Koil Street is Rs 505 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Theruveedhiyamman Koil Street has changed

The guideline value for Theruveedhiyamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased to Rs 500 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 505 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 1% in the guideline value.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft. The median value among these streets is Rs 400 per sq.ft, making the current guideline value of Theruveedhiyamman Koil Street above this median.

• Telophone Exchange Street: Rs 400 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)
• Uma Maheswari Nagar: Rs 300 per sq.ft (2024)
• Varalakshmi Nagar: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Sri Iyappa Nagar: Rs 200 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 505 per sq.ft, the total guideline value would be Rs 5,05,000. The stamp duty at 7% would amount to Rs 35,350, and the registration fee at 2% would be Rs 10,100, bringing the total fees to Rs 45,450. 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 on fees applicable to your property transaction.

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 more information.

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

The guideline value is a crucial factor in property transactions in Thandalam, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. Understanding the guideline value helps in making informed decisions when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Theruveedhiyamman Koil Street?

The current guideline value of Theruveedhiyamman Koil Street is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 505 per sq.ft in 2024.

What is the land classification for Theruveedhiyamman Koil Street?

The land classification for Theruveedhiyamman Koil Street is Residential Class I Type - I.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Theruveedhiyamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Theruveedhiyamman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.