Guideline Value for THERADI BURMA NAGAR

Theradi Burma Nagar guideline value

The current guideline value of Theradi Burma Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Ponneri_2 village under the Ponneri SRO and is classified as Residential Special Type - I.

How the guideline value of Theradi Burma Nagar has changed

Since the 2017 revision, the guideline value for Theradi Burma Nagar has seen significant changes. In 2017, the guideline value was Rs 804 per sq.ft. It increased to Rs 1,200 per sq.ft in 2023, marking a 49% rise. The 2024 revision also maintains the guideline value at Rs 1,200 per sq.ft, indicating no change from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The overall increase from the 2017 revision to the 2024 revision is also 49%.

Guideline values in Ponneri_2

Ponneri_2 village has 75 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value for the village is Rs 700 per sq.ft, placing Theradi Burma Nagar's 2024 figure above this median.

• Theradi Cross Street: Rs 1,200 per sq.ft (2024)
• Thaiyuman Chetty St: Rs 1,200 per sq.ft (2024)
• Taluk Office Salai: Rs 1,200 per sq.ft (2024)
• Taluk Office Road: Rs 702 per sq.ft (2024)
• Thiruvottiyur High Road: Rs 1,200 per sq.ft (2024)
• T.H. Road: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Theradi Burma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total charges to Rs 1,08,000. It is important to note that 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 accurate calculations.

Which Sub Registrar Office covers Theradi Burma Nagar?

The Sub Registrar Office that covers Theradi Burma Nagar 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_2

The guideline value plays a crucial role in the registration process when buying or selling property in Ponneri_2. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded with the government.

When a property is sold, the guideline value is used to assess the applicable taxes, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Theradi Burma Nagar?

The current guideline value of Theradi Burma Nagar 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 increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in both 2023 and 2024, marking a 49% rise overall from 2017 to 2024.

What is the land classification of Theradi Burma Nagar?

Theradi Burma Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 12,00,000, the total charges would amount to Rs 1,08,000.

Where can I find the Sub Registrar Office for Theradi Burma Nagar?

The Sub Registrar Office covering Theradi Burma Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information through the provided link.