Guideline Value for George Theru

George Theru guideline value

The current guideline value of George 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 is classified as Residential Class III Type - I.

How the guideline value of George Theru has changed

The guideline value for George Theru has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase from Rs 1,800 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 1,206 per sq.ft, which marked a significant increase of 49% from the previous figure of Rs 1,800 per sq.ft in 2012. The register has no figures for the years 2002, 2003, and 2007.

In summary, the guideline value has changed from Rs 1,800 per sq.ft in 2012, decreased to Rs 1,206 per sq.ft in 2017, and then increased to Rs 1,800 per sq.ft in 2023 before reaching the current value of Rs 1,980 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

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, making the current value of George Theru below this median.

• Gokulam Apartments: Rs 2,310 per sq.ft (2024)
• Gangadharan Theru: Rs 1,650 per sq.ft (2024)
• Good Will Nagar: Rs 2,310 per sq.ft (2024)
• Good Will Nagar Extension: Rs 2,310 per sq.ft (2024)
• Gopal Nagar: Rs 2,970 per sq.ft (2024)
• Ganesh Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in George Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers George Theru?

The Sub Registrar Office that covers George 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of George Theru?

The current guideline value of George 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 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur for 2024 is Rs 2,310 per sq.ft, which is higher than the current value of George Theru.

What are the stamp duty rates for property in George Theru?

The stamp duty for property in George Theru is charged at 7% of the guideline value or sale price, whichever is higher.

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

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