Guideline Value for Theradi street

Theradi street guideline value

The current guideline value of Theradi street in Salamangalam village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls 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 several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft. However, in the 2017 revision, it decreased to Rs 268 per sq.ft, marking a decline of 33%. The value then increased significantly by 49% to Rs 400 per sq.ft in the 2023 revision. The current 2024 revision maintains this value at Rs 400 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Theradi street in the guideline value register. Therefore, the revisions we can analyze are from 2012, 2017, 2023, and 2024.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 3,100 per sq.ft. The median guideline value in this village is Rs 500 per sq.ft, placing Theradi street's 2024 figure below that median.

• Tambaram Kanchipuram Road: Rs 700 per sq.ft (2024)
• Thirupathi Nagar: Rs 300 per sq.ft (2024)
• Subam Enclave: Rs 400 per sq.ft (2024)
• TVS Emerald Flourish: Rs 1,850 per sq.ft (2024)
• Tvs Emerald Flourish Phase-III: Rs 3,100 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 550 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 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 Salamangalam

The guideline value is a crucial aspect when registering property transactions in Salamangalam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for all property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Theradi street?

The current guideline value of Theradi street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Theradi street has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of Theradi street?

Theradi street is classified as Residential Class I Type - I under the guideline value register.

What are the other streets in Salamangalam with their guideline values?

Other streets in Salamangalam include Tambaram Kanchipuram Road at Rs 700 per sq.ft, Thirupathi Nagar at Rs 300 per sq.ft, Subam Enclave at Rs 400 per sq.ft, TVS Emerald Flourish at Rs 1,850 per sq.ft, Tvs Emerald Flourish Phase-III at Rs 3,100 per sq.ft, and Sri Venkateswara Nagar at Rs 550 per sq.ft.

Where can I find the Sub Registrar Office for Theradi street?

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