Guideline Value for THERADI STREET

Theradi Street guideline value

The current guideline value of Theradi Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and is classified as Residential Special Type - I.

How the guideline value of Theradi Street has changed

The guideline value for Theradi Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase from Rs 1,200 per sq.ft in the 2023 revision. This represents a 10% increase from the previous year. Looking further back, the value was Rs 804 per sq.ft in 2017, marking a significant 49% increase to 2023.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Theradi Street in the register.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Theradi Street's 2024 figure above that median.

• Thiru K.R. Nagar: Rs 440 per sq.ft (2024)
• Thirumalai Nagar: Rs 880 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 880 per sq.ft (2024)
• Surya Nagar Extension: Rs 440 per sq.ft (2024)
• Surya Nagar: Rs 440 per sq.ft (2024)
• Surakkai Swami Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Theradi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theradi Street?

The Sub Registrar Office that covers Theradi 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 Minjur

The guideline value plays a crucial role when buying or selling property in Minjur. It is used to determine the stamp duty and registration fees that are applicable at the time of registration. Buyers must be aware that the guideline value is often the basis for these fees, and it is essential to consider it when negotiating sale prices.

Additionally, the guideline value helps ensure transparency and consistency in property transactions. It serves as a reference point for both buyers and sellers, making it easier to understand the financial implications of a property transaction in the area.

Frequently asked questions

What is the current guideline value of Theradi Street?

The current guideline value of Theradi Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value for streets in Minjur?

The median guideline value for streets in Minjur is Rs 550 per sq.ft, with Theradi Street's value above this median at Rs 1,320 per sq.ft.

What are the stamp duty and registration fees for a property on Theradi Street?

For a 1,000 sq.ft property on Theradi Street, the total stamp duty and registration fees would amount to Rs 1,18,800, based on the current guideline value.

Where is the Sub Registrar Office for Theradi Street located?

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