Guideline Value for ThiruVeedhiyamman Koil Street

ThiruVeedhiyamman Koil Street guideline value

The current guideline value of ThiruVeedhiyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Ayakolathur village, under the Sriperumpudur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of ThiruVeedhiyamman Koil Street has changed

The guideline value for ThiruVeedhiyamman Koil Street has seen several revisions over the years. In the 2012 revision, the value was Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a decrease to Rs 134 per sq.ft, which was then increased to Rs 200 per sq.ft in the 2023 revision. The 2024 revision has kept this value at Rs 200 per sq.ft, marking a 0% change from the previous year.

Looking at the changes between revisions, from 2017 to 2023, there was a significant increase of 49%. The value from 2012 to 2017 decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ayakolathur

In Ayakolathur, there are 15 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 700 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of ThiruVeedhiyamman Koil Street.

• V.G.P.Chakkra town: Rs 300 per sq.ft (2024)
• Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• Sri chakkra town: Rs 300 per sq.ft (2024)
• Sri Arulmigu Sri Arunchala Nagar: Rs 500 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 150 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in ThiruVeedhiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, bringing the total fees to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ThiruVeedhiyamman Koil Street?

The Sub Registrar Office that covers ThiruVeedhiyamman 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 details.

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

The guideline value is a crucial factor in the registration of property transactions in Ayakolathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher value between the two is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of ThiruVeedhiyamman Koil Street?

The current guideline value of ThiruVeedhiyamman 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 remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, and then returning to Rs 200 per sq.ft in 2023. The 2024 revision also maintains this value.

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

Other streets in Ayakolathur include V.G.P.Chakkra town at Rs 300 per sq.ft, Vinayagar Koil Street at Rs 200 per sq.ft, and Sri Arulmigu Sri Arunchala Nagar at Rs 500 per sq.ft, among others.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 18,000.

Which office handles the registration for ThiruVeedhiyamman Koil Street?

The registration for ThiruVeedhiyamman Koil Street is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105.