Guideline Value for Theradi Street

Theradi Street guideline value

The current guideline value of Theradi Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Theradi Street has changed

The guideline value for Theradi Street has undergone several revisions over the years. In 2002, the guideline value was Rs 274 per sq.ft, which decreased to Rs 256 per sq.ft in 2003. The value saw a slight increase of 17% in 2007, reaching Rs 300 per sq.ft, and then a significant rise of 257% to Rs 1,072 per sq.ft in 2017. The next revision in 2023 set the value at Rs 1,600 per sq.ft, marking a 49% increase from the previous figure.

As of the 2024 revision, the guideline value stands at Rs 1,760 per sq.ft, reflecting a 10% increase from 2023. Notably, there is no figure available for the 2012 revision in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Theradi Street is below this median.

• Thirumalai Nagar: Rs 1,760 per sq.ft (2024)
• Thandai Periyar Street: Rs 1,980 per sq.ft (2024)
• Thandai Periyar Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Thandai Periyar Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Thirumalai Nagar IInd Street: Rs 1,760 per sq.ft (2024)
• Thirumalai Nagar Ist Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Theradi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that the 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 details.

Which Sub Registrar Office covers Theradi Street?

The Sub Registrar Office that covers Theradi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Anakaputhur

The guideline value is a crucial component in the registration process when buying or selling property in Anakaputhur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This practice helps maintain transparency and compliance with local regulations in property transactions.

Frequently asked questions

What is the current guideline value of Theradi Street?

The current guideline value of Theradi Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 274 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 542% over this period.

What is the land classification of Theradi Street?

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

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,58,400.

Which office handles registrations for Theradi Street?

The Pammal Sub Registrar Office handles registrations for Theradi Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.