Guideline Value for THERADI ST

Theradi St guideline value

The current guideline value of Theradi St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Theradi St has changed

The guideline value for Theradi St has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 469 per sq.ft. This was followed by a significant increase to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the value increase to Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Theradi St. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Theradi St.

• Theruveethiyamman Koil St: Rs 440 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,200 per sq.ft (2024)
• Thanigaivelan Nagar & Streets: Rs 750 per sq.ft (2024)
• Thirumalanagar: Rs 990 per sq.ft (2024)
• Thirumurugan Nagar Extn: Rs 750 per sq.ft (2024)
• Thai Alamelu Mangai Nagar Extn 160/2, 4a1, 4a2, 161/3a: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Theradi St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total charges to Rs 67,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Theradi St?

The Sub Registrar Office that covers Theradi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is an important factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Theradi St?

The current guideline value of Theradi St is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of 60%.

What is the land classification of Theradi St?

Theradi St is classified as Residential Class II Type - III, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Theradi St?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles the registration for Theradi St?

The registration for Theradi St is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.