Guideline Value for Theradi Street

Theradi Street guideline value

The current guideline value of Theradi Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Theradi Street has changed

The guideline value for Theradi Street has seen significant changes over the years. In 2002, the guideline value was Rs 221 per sq.ft, which increased to Rs 312 per sq.ft in 2003, marking a 41% rise. By 2007, the value further increased to Rs 350 per sq.ft, a change of 12%. The 2017 revision saw a substantial jump to Rs 1,340 per sq.ft, reflecting a 283% increase from 2007. The value continued to rise, reaching Rs 2,000 per sq.ft in 2023, which was a 49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, showing a 10% increase from 2023. It is important to note that the register has no figure for this street for the year 2012.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. Theradi Street's 2024 guideline value is below this median.

• Thanigai Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Thirumalai Nagar: Rs 2,200 per sq.ft (2024)
• Thandu Mariamman Koil Street: Rs 2,200 per sq.ft (2024)
• Thirumalai Nagar Kiqraj Manosarovar: Rs 2,200 per sq.ft (2024)
• Temple Town: Rs 1,980 per sq.ft (2024)
• Thirumal Nagar: Rs 2,200 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 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that 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 information.

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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruneermalai. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher amount between the guideline value and the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Theradi Street?

The current guideline value of Theradi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 221 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 895% over this period.

What is the land classification for Theradi Street?

Theradi Street falls under the Residential Class I Type - II land classification.

What is the stamp duty rate for properties in Theradi Street?

The stamp duty rate for properties in Theradi Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Theradi Street located?

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