Guideline Value for Theradi Street

Theradi Street guideline value

The current guideline value of Theradi Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Theradi Street has changed

Looking back at the revisions, the guideline value for Theradi Street was Rs 1,000 per sq.ft in the 2012 revision. It then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. Following this, the value rose back to Rs 1,000 per sq.ft in the 2023 revision, and it remained unchanged at Rs 1,000 per sq.ft in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

It is important to note that the register has no figures for Theradi Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 1,000 per sq.ft.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value of Theradi Street is below this median.

• Thavasi Street: Rs 1,001 per sq.ft (2024)
• Thirumalai Street: Rs 1,001 per sq.ft (2024)
• Thangakulam: Rs 1,001 per sq.ft (2024)
• Thirunavukarasu Street: Rs 1,300 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,001 per sq.ft (2024)
• Sundarrajan Street: Rs 1,700 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theradi Street?

The Ambattur Sub Registrar Office covers Theradi Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory costs when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Theradi Street?

The current guideline value of Theradi Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Theradi Street has seen various changes, with a peak of Rs 1,000 per sq.ft in 2012, a drop to Rs 670 per sq.ft in 2017, and a return to Rs 1,000 per sq.ft in 2023 and 2024.

What is the classification of land on Theradi Street?

Theradi Street is classified as Residential Class III Type - I under the Ambattur SRO.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Theradi Street?

The Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone, covers Theradi Street.