Guideline Value for Therkku Theru (West Street)

Therkku Theru (West Street) guideline value

The current guideline value for Therkku Theru (West Street) is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in the village of Mangadu -A and falls under the Kunrathur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Therkku Theru (West Street) has changed

The guideline value for Therkku Theru (West Street) has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 938 per sq.ft. This figure increased to Rs 1,400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Therkku Theru (West Street).

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,870 per sq.ft, which means that Therkku Theru (West Street) is below this median value.

• Then Colony Street: Rs 1,870 per sq.ft (2024)
• Thencolony Pudhuvattaram: Rs 1,540 per sq.ft (2024)
• Then Colony Ist Road to IIIrd Road: Rs 1,870 per sq.ft (2024)
• Thencolony: Rs 1,870 per sq.ft (2024)
• Thirupathy Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar City I: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Therkku Theru (West Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800. Together, these fees would total Rs 1,38,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Therkku Theru (West Street)?

The Sub Registrar Office that covers Therkku Theru (West Street) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Mangadu -A, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a property is sold, the guideline value ensures that the transaction is recorded at a standard rate, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Therkku Theru (West Street)?

The current guideline value of Therkku Theru (West Street) is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Therkku Theru (West Street)?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office covers Therkku Theru (West Street)?

The Kunrathur Sub Registrar Office covers Therkku Theru (West Street), located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Therkku Theru (West Street)?

The land classification for Therkku Theru (West Street) is Residential Class II Type - I.