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_C 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 oldest recorded revision is from 2017, where the guideline value was Rs 100 per sq.ft. It remained at Rs 100 until the 2023 revision, which also maintained the value at Rs 150 per sq.ft, marking a 50% increase from 2017 to 2023. In the 2024 revision, the value again remained unchanged at Rs 150 per sq.ft, resulting in a 0% change from the previous year.

As a result, the overall change from the 2017 revision to the 2024 revision is a 50% increase. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Theruveedhiyamman Koil Street's 2024 figure 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 Vari Nagar: Rs 400 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Vasantham Gardens: Rs 400 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, totaling Rs 13,500. Please 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 information.

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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadakal_C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is officially recognized by the authorities.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 from 2023 to 2024, while it increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase over that period.

What is the land classification of Theruveedhiyamman Koil Street?

Theruveedhiyamman Koil Street is classified as Residential Class IV Type - I.

Where is the Sub Registrar Office located?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.