Guideline Value for THEERADI STREET

Theeradi Street guideline value

The current guideline value of Theeradi Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Theeradi Street has changed

The guideline value for Theeradi Street has undergone several revisions over the years. The 2012 revision listed the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 1,800 per sq.ft in the 2023 revision, and finally rose to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change has been an increase of 10%. The 2017 revision has no figure for this street, as do the revisions from 2002, 2003, and 2007. The increase from the 2017 revision to the 2023 revision was 49%.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Theeradi Street's 2024 figure above that median.

• Thanthai Periyar Street: Rs 1,100 per sq.ft (2024)
• Thalayari Street (Or) Mahanadu Dharmarayar Street: Rs 3,300 per sq.ft (2024)
• Thiruppukudal Street: Rs 1,650 per sq.ft (2024)
• Subbarayar Street: Rs 1,650 per sq.ft (2024)
• Ulagalandar Mada Street: Rs 3,300 per sq.ft (2024)
• Ulagalandar Sannathi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Theeradi Street

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. Together, the total cost for stamp duty and registration fees would be 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Theeradi Street?

Theeradi Street falls under the jurisdiction of the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kanchipuram Town. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on an established value rather than the negotiated sale price.

During the registration process, the guideline value is assessed to determine the applicable taxes. Buyers and sellers must be aware of these values to avoid any discrepancies or unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of Theeradi Street?

The current guideline value of Theeradi Street 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 Theeradi Street?

Theeradi Street is classified as Residential Class II Type - I, indicating its designation for residential use.

Where is the Kanchipuram Joint I SRO located?

The Kanchipuram Joint I Sub Registrar Office is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

How is stamp duty calculated for properties on Theeradi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty and registration fee of Rs 1,78,200.