Guideline Value for Theruveethiamman Kovil Street

Theruveethiamman Kovil Street guideline value

The current guideline value of Theruveethiamman Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_B village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Theruveethiamman Kovil Street has changed

The guideline value for Theruveethiamman Kovil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 300 per sq.ft, which is an increase of 50% from the 2023 revision of Rs 200 per sq.ft. Prior to that, the register has no figure for this street from the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2024 revision reflects a significant rise compared to the previous year, indicating a shift in the guideline value. The 2023 figure was Rs 200 per sq.ft, while the 2024 figure is Rs 300 per sq.ft, marking a notable increase in value.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Theruveethiamman Kovil Street's 2024 figure is below this median.

• Sunguvarchitram Walajabad Main Road: Rs 1,750 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar(Akshara City): Rs 501 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 501 per sq.ft (2024)
• varasithi Vinayagar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Theruveethiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty charged at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theruveethiamman Kovil Street?

The Sub Registrar Office that covers Theruveethiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To learn more about your local office, visit find your SRO.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value is regularly updated, reflecting changes in the real estate market and local policies.

Frequently asked questions

What is the current guideline value of Theruveethiamman Kovil Street?

The current guideline value of Theruveethiamman Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 50%, from Rs 200 per sq.ft to Rs 300 per sq.ft.

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

Other streets in Santhavellur_B include Sunguvarchitram Walajabad Main Road at Rs 1,750 per sq.ft, Sri Usha Nagar at Rs 700 per sq.ft, and several others with varying values.

What is the registration fee for properties in this area?

The registration fee is calculated based on the guideline value, with a rate of 2%. For example, a property valued at Rs 3,00,000 would incur a registration fee of Rs 6,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant link provided to locate the Sunguvarchattram Sub Registrar Office or any other office in your area.