Guideline Value for Car Street (Theradi Street)

Car Street (Theradi Street) guideline value

The current guideline value of Car Street (Theradi Street) is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - I land.

How the guideline value of Car Street (Theradi Street) has changed

The guideline value for Car Street (Theradi Street) has undergone several revisions over the years. In 2007, the value was set at Rs 2,900 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012. However, this value decreased to Rs 5,360 per sq.ft in 2017. The most recent revision in 2024 saw a substantial increase to Rs 8,800 per sq.ft, marking a 64% rise from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 203%. It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Car Street (Theradi Street) above this median.

• Canal Street: Rs 2,700 per sq.ft (2024)
• Byramjung Bahadur Street: Rs 7,700 per sq.ft (2024)
• Byramjung Bahadur 2nd Street: Rs 7,700 per sq.ft (2024)
• Byramjung Bahadur 1st Street: Rs 7,700 per sq.ft (2024)
• Butchi Street (Butchi Babu Naidu Street): Rs 6,600 per sq.ft (2024)
• Burrah Sahib Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Car Street (Theradi Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty, charged at 7%, would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. Together, the total cost for these fees would be Rs 7,92,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Car Street (Theradi Street)?

The Sub Registrar Office that covers Car Street (Theradi Street) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Triplicane. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is important to be aware of the guideline value, as it ensures compliance with legal requirements and helps in accurately determining the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Car Street (Theradi Street)?

The current guideline value of Car Street (Theradi Street) is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 2,900 per sq.ft to Rs 8,800 per sq.ft in 2024, marking an overall increase of 203%.

What is the land classification for Car Street (Theradi Street)?

Car Street (Theradi Street) is classified as Mixed Type - I land.

What are the stamp duty and registration fees for property in Car Street (Theradi Street)?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 7,92,000.

Which office handles registrations for Car Street (Theradi Street)?

The Triplicane Sub Registrar Office handles registrations for Car Street (Theradi Street), located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.