Guideline Value for Theruveethi Amman Koil Street

Theruveethi Amman Koil Street guideline value

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

How the guideline value of Theruveethi Amman Koil Street has changed

Theruveethi Amman Koil Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The 2017 revision had a lower value of Rs 67 per sq.ft, marking a decrease of 33% from the previous 2012 figure. The most significant change occurred between 2017 and 2023, where the value increased by 49% back to Rs 100 per sq.ft.

As of the latest 2024 revision, the guideline value remains at Rs 100 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing Theruveethi Amman Koil Street's 2024 figure below this median.

• Tambaram Kanchipuram Road: Rs 900 per sq.ft (2024)
• Thulakkanathamman Koil Street: Rs 100 per sq.ft (2024)
• Vianayaga Nagar: Rs 400 per sq.ft (2024)
• Vinayaka Nagar Extension: Rs 400 per sq.ft (2024)
• Sowntharapandiyan Nagar: Rs 800 per sq.ft (2024)
• Sindhu Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Theruveethi Amman Koil Street

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

Which Sub Registrar Office covers Theruveethi Amman Koil Street?

The Sub Registrar Office that covers Theruveethi Amman 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 Karasangal

The guideline value plays a crucial role in the registration process when buying or selling property in Karasangal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on the established guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps in establishing a legal framework for the transaction, providing transparency and consistency in property dealings. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Theruveethi Amman Koil Street?

The current guideline value of Theruveethi Amman 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 seen several revisions: it was Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017, and returned to Rs 100 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What is the land classification of Theruveethi Amman Koil Street?

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

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 1,00,000, with stamp duty at Rs 7,000 and registration fee at Rs 2,000, totaling Rs 9,000.

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

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