Guideline Value for THERADI ST

Theradi St guideline value

The current guideline value of Theradi St in Thiruninravur-B village, under the Avadi SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Theradi St has changed

The guideline value for Theradi St has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 770 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. 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 Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value across these streets is Rs 770 per sq.ft, which is equal to the guideline value of Theradi St.

• Theruveethiyamman Koil St: Rs 440 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,190 per sq.ft (2024)
• Thanigaivelan Nagar & Streets: Rs 770 per sq.ft (2024)
• Thirumala Nagar: Rs 990 per sq.ft (2024)
• Thirumala Nagar Phase-I: Rs 870 per sq.ft (2024)
• Thirumala Nagar Phase-II: Rs 870 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, these fees amount to Rs 69,300. 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 St?

The Sub Registrar Office that covers Theradi St is the Avadi Sub Registrar Office. The office is 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-B

The guideline value is a crucial factor when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the value of the property for registration purposes. Buyers and sellers must consider this value to understand the potential costs involved in the transaction.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Theradi St?

The current guideline value of Theradi St is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft, marking an overall increase of 64% by 2024.

What are the stamp duty and registration fees for properties on Theradi St?

The stamp duty for properties on Theradi St is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 7,70,000, the total fees would amount to Rs 69,300.

Which Sub Registrar Office handles property registrations in Theradi St?

The Avadi Sub Registrar Office handles property registrations for Theradi St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

Are there other streets in Thiruninravur-B with similar guideline values?

Yes, there are other streets in Thiruninravur-B with similar guideline values. For instance, Thanigaivelan Nagar & Streets also have a guideline value of Rs 770 per sq.ft in 2024.