Guideline Value for Theradi Street

Theradi Street guideline value

The current guideline value of Theradi Street in Thiruvallur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - V.

How the guideline value of Theradi Street has changed

The guideline value for Theradi Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023 and is currently set at Rs 3,300 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, followed by a further 10% increase from 2023 to 2024. The overall change from 2007 to 2024 reflects a substantial increase of 560%, showcasing the fluctuations in the guideline value over time.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median of Rs 1,100 per sq.ft. The guideline value of Theradi Street is above this median.

• Thilagar Street: Rs 1,100 per sq.ft (2024)
• Thanthaiperiyer Street: Rs 1,100 per sq.ft (2024)
• Thirumallai Street: Rs 1,100 per sq.ft (2024)
• Thalamuthu natarajan Street: Rs 1,100 per sq.ft (2024)
• Thalakkanjeri Road (A) Kamarasar St.: Rs 1,100 per sq.ft (2024)
• Thagilikpttai Street.: Rs 1,100 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theradi Street?

The Sub Registrar Office that covers Theradi Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Thiruvallur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a reference point for calculating stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Theradi Street?

The current guideline value of Theradi Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 560% over this period.

What is the land classification of Theradi Street?

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

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers the registration of properties on Theradi Street?

The registration of properties on Theradi Street is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.