Guideline Value for Therodum Veedhi Anna Street 2nd Cross Street

Therodum Veedhi Anna Street 2nd Cross Street guideline value

The current guideline value of Therodum Veedhi Anna Street 2nd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village and falls under the Kunrathur SRO with a land classification of Residential Class I Type - I.

How the guideline value of Therodum Veedhi Anna Street 2nd Cross Street has changed

Over the years, the guideline value for Therodum Veedhi Anna Street 2nd Cross Street has seen several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 1,400 per sq.ft. This was followed by a decrease to Rs 938 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 1,400 per sq.ft in 2023, and further rose by 10% to the current Rs 1,540 per sq.ft in 2024.

In summary, from 2017 to 2023, there was a notable increase of 49%, and from 2012 to 2024, the overall change is an increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

Thiruverkadu village has a total of 178 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which aligns with the 2024 figure for Therodum Veedhi Anna Street 2nd Cross Street.

• Therodum Veedhi Anna Street 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Therodum Veedhi Anna Street Extension: Rs 1,540 per sq.ft (2024)
• Therodum Veedhi Anna Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar Ist Cross Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Thambusamy Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Therodum Veedhi Anna Street 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Therodum Veedhi Anna Street 2nd Cross Street?

The Sub Registrar Office that covers Therodum Veedhi Anna Street 2nd Cross 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 Thiruverkadu

The guideline value is a crucial factor during property transactions in Thiruverkadu. When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it serves as a benchmark for property pricing and helps in the smooth execution of the registration process.

Frequently asked questions

What is the current guideline value of Therodum Veedhi Anna Street 2nd Cross Street?

The current guideline value of Therodum Veedhi Anna Street 2nd Cross 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 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification of Therodum Veedhi Anna Street 2nd Cross Street?

Therodum Veedhi Anna Street 2nd Cross Street is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Therodum Veedhi Anna Street 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 at the rate of 7%.