Guideline Value for Theruveedhiyamman Koil Street

Theruveedhiyamman Koil Street guideline value

The current guideline value of Theruveedhiyamman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Vadakal village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is 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 150 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 150 per sq.ft. The 2017 revision saw a decrease to Rs 100 per sq.ft, marking a 33% drop from the previous figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 50%, returning to Rs 150 per sq.ft. The overall change from 2012 to 2024 shows no net change, as the value remains at Rs 150 per sq.ft across these years.

Guideline values in Vadakal

In Vadakal, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in this village is Rs 300 per sq.ft, indicating that Theruveedhiyamman Koil Street's value is below this median.

• Theepanji Amman Koil Street: Rs 150 per sq.ft (2024)
• Thalaiyari Street: Rs 150 per sq.ft (2024)
• Tristar City: Rs 150 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Vasantham Nagar: Rs 750 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 600 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. Please 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 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 Vadakal

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This value helps to standardize property transactions and provides transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Theruveedhiyamman Koil Street?

The current guideline value of Theruveedhiyamman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, followed by a return to Rs 150 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification for Theruveedhiyamman Koil Street?

Theruveedhiyamman Koil Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What are the registration fees for property transactions?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%, and the registration fee would be Rs 3,000 at 2%, totaling Rs 13,500. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Theruveedhiyamman Koil Street?

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