Guideline Value for PUDHIYA THERADI ST

Pudhiya Theradi St guideline value

The current guideline value of Pudhiya Theradi St is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Pudhiya Theradi St has changed

The guideline value for Pudhiya Theradi St has seen several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which increased to Rs 804 per sq.ft in 2017. Following this, the value remained at Rs 1,200 per sq.ft in both 2023 and the upcoming 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value increased by 1%. The significant change occurred between 2017 and 2023, where it rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 50%.

Guideline values in Ponneri

Ponneri village has 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 700 per sq.ft, placing Pudhiya Theradi St above this median.

• Pudhuvoyal Road: Rs 900 per sq.ft (2024)
• P.R.K. Nagar: Rs 700 per sq.ft (2024)
• Police Line Back Side: Rs 700 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 700 per sq.ft (2024)
• Perumal Nagar: Rs 700 per sq.ft (2024)
• Periyar Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhiya Theradi St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost together to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pudhiya Theradi St?

The Sub Registrar Office that covers Pudhiya Theradi St is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

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

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Pudhiya Theradi St?

The current guideline value of Pudhiya Theradi St is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 50% over this period.

What is the median guideline value in Ponneri?

The median guideline value in Ponneri is Rs 700 per sq.ft, with Pudhiya Theradi St's value being above this median.

What are the stamp duty and registration fees for property in Pudhiya Theradi St?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Where is the Sub Registrar Office for Pudhiya Theradi St located?

The Sub Registrar Office for Pudhiya Theradi St is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.