Guideline Value for Therodum Veedhi Anna Street 1st Cross Street

Therodum Veedhi Anna Street 1st Cross Street guideline value

The current guideline value of Therodum Veedhi Anna Street 1st Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Therodum Veedhi Anna Street 1st Cross Street has changed

The guideline value for Therodum Veedhi Anna Street 1st Cross Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,400 per sq.ft. This figure saw a significant decrease to Rs 938 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 1,400 per sq.ft. The most recent revision in 2024 saw the guideline value rise to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the current guideline value for Therodum Veedhi Anna Street 1st Cross Street.

• Therodum Veedhi Anna Street: Rs 1,540 per sq.ft (2024)
• Therodum Veedhi Anna Street 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Therodum Veedhi Anna Street Extension: 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 1st 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 would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees together 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 details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Therodum Veedhi Anna Street 1st Cross Street?

The Sub Registrar Office that covers Therodum Veedhi Anna Street 1st 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 information.

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

The guideline value plays a crucial role in property transactions in Thiruverkadu. It is used to determine the stamp duty and registration fees that must be paid during the registration of property transactions. Buyers and sellers should be aware that the guideline value is a key factor in calculating these costs.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both parties to understand the implications of the guideline value when finalizing any property transaction.

Frequently asked questions

What is the current guideline value of Therodum Veedhi Anna Street 1st Cross Street?

The current guideline value of Therodum Veedhi Anna Street 1st 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 back to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

Which Sub Registrar Office covers Therodum Veedhi Anna Street 1st Cross Street?

The Kunrathur Sub Registrar Office covers Therodum Veedhi Anna Street 1st Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for this 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.

Where can I find more information on the guideline value?

More information on the guideline value can be accessed through the Registration Department's guideline value register (TNReginet) or by consulting the local Sub Registrar Office.