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_2 village under the Ponneri 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 undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 1,200 per sq.ft. The current 2024 revision maintains this value at Rs 1,200 per sq.ft, reflecting no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Theradi Cross Street's 2024 guideline value above this median.

• Theradi Burma Nagar: 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 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 at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, leading to a total of Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Theradi Cross Street?

The Sub Registrar Office covering 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_2

The guideline value is a critical factor in the registration process when buying or selling property in Ponneri_2. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

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?

From the 2017 revision to the 2024 revision, the guideline value increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft, marking a 49% rise. The value remained unchanged from 2023 to 2024.

What is the land classification for Theradi Cross Street?

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

Where can I find the registration office for Theradi Cross Street?

The registration office for Theradi Cross Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Theradi Cross Street?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 84,000.