Guideline Value for THERADI CROSS STREET

Theradi Cross Street guideline value

The current guideline value of Theradi Cross Street 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 Theradi Cross Street has changed

The guideline value for Theradi Cross Street has seen several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a change of +1%. By 2023, the value rose to Rs 1,200 per sq.ft, reflecting a significant increase of +49% from the 2017 figure. The current revision in 2024 maintains this value at Rs 1,200 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by +50%.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft. Theradi Cross Street's 2024 figure is above this median.

• Theradi Burma Nagar: Rs 1,200 per sq.ft (2024)
• Thayumanavar St: Rs 900 per sq.ft (2024)
• Thandabani Nadar St: Rs 700 per sq.ft (2024)
• Thaiyuman Chetty St: Rs 1,200 per sq.ft (2024)
• Thiruvallur Salai: Rs 700 per sq.ft (2024)
• Taluk Office Road: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Theradi Cross Street

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 is charged at 7%, amounting to Rs 84,000, while the registration fee is 2%, totaling Rs 24,000. Together, the total fees would be Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Theradi Cross Street?

The Sub Registrar Office that covers Theradi Cross Street 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 when buying or selling property in Ponneri. It is used to determine the stamp duty and registration fees applicable during the property registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the correct amount of stamp duty and registration fees is paid, reflecting the actual value of the property being transacted.

Frequently asked questions

What is the current guideline value of Theradi Cross Street?

The current guideline value of Theradi Cross Street 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 800 per sq.ft in 2012 to Rs 1,200 per sq.ft in 2024, showing an overall increase of +50% over this period.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,08,000, which includes Rs 84,000 for stamp duty and Rs 24,000 for registration fees.

Which office handles property registrations for Theradi Cross Street?

The Ponneri Sub Registrar Office handles property registrations for Theradi Cross Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the median guideline value for streets in Ponneri?

The median guideline value for streets in Ponneri is Rs 700 per sq.ft, with Theradi Cross Street's value being above this median at Rs 1,200 per sq.ft.