Guideline Value for Theruveedhiyamman Koil Street

Theruveedhiyamman Koil Street guideline value

The current guideline value of Theruveedhiyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village under the Sriperumpudur SRO, classified as Residential Class III 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 200 per sq.ft, which remained unchanged until the 2024 revision. In contrast, the 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. Subsequently, the 2023 revision brought the value back to Rs 200 per sq.ft, representing a significant increase of 49% from the 2017 revision.

As of the 2024 revision, the guideline value is again set at Rs 200 per sq.ft, showing no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. Theruveedhiyamman Koil Street's 2024 figure is below this median.

• Thirumal Nagar: Rs 300 per sq.ft (2024)
• Telugu Nagar Colony: Rs 200 per sq.ft (2024)
• Sundara Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Sundaramoorthy Avenue: Rs 300 per sq.ft (2024)
• Subham Extension: Rs 700 per sq.ft (2024)
• Subham: Rs 700 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 rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Theruveedhiyamman Koil Street?

The Sub Registrar Office covering 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 Valarpuram

The guideline value is a crucial factor in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value assigned to the property. This value can influence the overall cost of the transaction, including taxes and fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Theruveedhiyamman Koil Street?

The current guideline value of Theruveedhiyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and remains at Rs 200 per sq.ft in 2024.

What is the land classification of Theruveedhiyamman Koil Street?

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

What are the other streets in Valarpuram with their guideline values?

Other streets in Valarpuram include Thirumal Nagar at Rs 300 per sq.ft, Telugu Nagar Colony at Rs 200 per sq.ft, Sundara Vinayagar Nagar at Rs 200 per sq.ft, Sundaramoorthy Avenue at Rs 300 per sq.ft, Subham Extension at Rs 700 per sq.ft, and Subham at Rs 700 per sq.ft.

Where is the Sub Registrar Office located for this street?

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