Guideline Value for Cholan Theru

Cholan Theru guideline value

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

How the guideline value of Cholan Theru has changed

The guideline value for Cholan Theru has undergone several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft. This figure was then revised to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. The value increased significantly to Rs 1,800 per sq.ft in 2023, and then further rose to Rs 1,980 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, when comparing the 2012 figure to the current 2024 value, there has been a 10% increase. The register does not contain figures for Cholan Theru for the years 2002, 2003, and 2007.

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 guideline value for these streets is Rs 2,310 per sq.ft, which indicates that Cholan Theru's 2024 figure is below this median.

• Chitra Avenue: Rs 2,970 per sq.ft (2024)
• City Babu Street: Rs 1,980 per sq.ft (2024)
• Corner Street: Rs 1,980 per sq.ft (2024)
• Corner Street Extn: Rs 1,980 per sq.ft (2024)
• Cheran Theru: Rs 1,980 per sq.ft (2024)
• Chennai Metro Politan Co Operative Society Ltd: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan 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, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cholan Theru?

The Sub Registrar Office that covers Cholan Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable charges. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cholan Theru?

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

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,800 per sq.ft to Rs 1,980 per sq.ft in 2024, with various increases and a decrease in between. The most significant increase was from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023.

Which Sub Registrar Office covers Cholan Theru?

The Padappai Sub Registrar Office covers Cholan Theru, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the stamp duty for property in Cholan Theru?

The stamp duty for property in Cholan Theru is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,38,600 based on the current guideline value.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available on our site.