Guideline Value for Cheran Theru

Cheran Theru guideline value

The current guideline value of Cheran Theru is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Cheran Theru has changed

The guideline value for Cheran Theru has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. It then decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, a rise of 49%. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Cheran Theru's 2024 figure below that median.

• Chennai Metro Politan Co Operative Society Ltd: Rs 1,980 per sq.ft (2024)
• Chendur Avenue: Rs 4,180 per sq.ft (2024)
• Chitra Avenue: Rs 2,970 per sq.ft (2024)
• Cholan Theru: Rs 1,980 per sq.ft (2024)
• Casa Grande: Rs 2,640 per sq.ft (2024)
• City Babu Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 details.

Which Sub Registrar Office covers Cheran Theru?

Cheran Theru falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Perungalathur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the fair value of the property and plays a significant role in the financial aspects of the transaction.

Frequently asked questions

What is the current guideline value of Cheran Theru?

The current guideline value of Cheran Theru is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Cheran Theru?

Cheran Theru is classified as Residential Class III Type - I, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 19,80,000, the total fees would amount to Rs 1,78,200.

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

The Sub Registrar Office covering Cheran Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.