Guideline Value for Theradi Street

Theradi Street guideline value

The current guideline value of Theradi Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Theradi Street has changed

The guideline value for Theradi Street has seen revisions over the years. In 2017, the guideline value was Rs 804 per sq.ft. This figure remained unchanged through the 2023 revision, which was also Rs 1,200 per sq.ft. The most recent revision in 2024 again set the value at Rs 1,200 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. Notably, there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Theradi Street's 2024 figure above this median.

• Then Pushkarani Street: Rs 700 per sq.ft (2024)
• Thanthondri Amman Koil Street: Rs 700 per sq.ft (2024)
• Thirumangai Alwar Kulakarai Street: Rs 1,200 per sq.ft (2024)
• Telephone Lane: Rs 800 per sq.ft (2024)
• Teachers Green Meadow Ph.I: Rs 1,000 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Theradi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Theradi Street?

The Sub Registrar Office that covers Theradi Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property is registered, the guideline value is used to determine the applicable duties, which can influence the overall cost of the transaction. Buyers and sellers should be aware of these values to make informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Theradi Street?

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

How has the guideline value changed over the years?

The guideline value for Theradi Street has remained at Rs 1,200 per sq.ft from 2023 to 2024. It increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, marking a 49% increase.

What is the land classification for Theradi Street?

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

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value. For a plot valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office handles property transactions for Theradi Street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles property transactions for Theradi Street.