Guideline Value for 1ST CROSS ST

1st Cross St guideline value

The current guideline value of 1st Cross St in Thandurai village is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of 1st Cross St has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 603 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and then further rose to Rs 988 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 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 Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, which is equal to the 2024 figure for 1st Cross St.

• 1st Cross Street Navajeevan Nagar: Rs 988 per sq.ft (2024)
• 2nd Cross St: Rs 988 per sq.ft (2024)
• 3rd Cross St: Rs 988 per sq.ft (2024)
• 4th Cross St: Rs 988 per sq.ft (2024)
• 5th Cross St: Rs 988 per sq.ft (2024)
• Yekathamman Koil Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in 1st Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total cost for these fees to Rs 88,920. 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers 1st Cross St?

The 1st Cross St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and compliance with government regulations.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees, which are essential costs in the transaction process. Buyers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of 1st Cross St?

The current guideline value of 1st Cross St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification of 1st Cross St?

1st Cross St is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for 1st Cross St?

The Sub Registrar Office covering 1st Cross St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties on 1st Cross St?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 69,160.