Guideline Value for CHERAN ST

Cheran St guideline value

The current guideline value of Cheran St, located in Thandurai village under the Avadi SRO, is Rs 988 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Cheran St has changed

The guideline value for Cheran St has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then rose again to Rs 988 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%, and overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is equal to the 2024 figure for Cheran St.

• Chathiram Road: Rs 988 per sq.ft (2024)
• Chathiram: Rs 988 per sq.ft (2024)
• Charles Nagar 1st Cross St: Rs 988 per sq.ft (2024)
• Charcles Nagar: Rs 988 per sq.ft (2024)
• Chitheri Karai: Rs 800 per sq.ft (2024)
• Cholan Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760, bringing the total to Rs 88,920. 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 information.

Which Sub Registrar Office covers Cheran St?

The Sub Registrar Office covering Cheran St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thandurai. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is often used as a benchmark. The buyer must pay the stamp duty based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cheran St?

The current guideline value of Cheran St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cheran St has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Cheran St?

Cheran St is classified under Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Cheran St?

The Sub Registrar Office for Cheran St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 69,160.