Guideline Value for 2'nd Cross Street

2'nd Cross Street guideline value

The current guideline value of 2'nd Cross Street in Periyakuppam village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - I.

How the guideline value of 2'nd Cross Street has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in the 2012 revision, representing a growth of 150%. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, which was a decline of 33%. The 2023 revision saw another increase, bringing the value to Rs 500 per sq.ft, and then it rose to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for 2'nd Cross Street is below this median.

• 1'st Cross Street: Rs 550 per sq.ft (2024)
• V.O.Saminathan Street: Rs 1,100 per sq.ft (2024)
• V.M. Nagar: Rs 1,650 per sq.ft (2024)
• Vivekanatha Salai: Rs 1,320 per sq.ft (2024)
• V.G.P./ Nagar: Rs 1,650 per sq.ft (2024)
• Varadha Rajapuram & Varadha Raja Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in 2'nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty is charged at 7%, amounting to Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total fees would be Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 2'nd Cross Street?

The 2'nd Cross Street is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When a property is sold, the guideline value is used to determine the applicable taxes and fees, which are essential for legal documentation. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of 2'nd Cross Street?

The current guideline value of 2'nd Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for 2'nd Cross Street?

2'nd Cross Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for 2'nd Cross Street?

The Tiruvallur Joint 1 Sub Registrar Office, which covers 2'nd Cross Street, is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How are stamp duty and registration fees calculated for properties in Periyakuppam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would be Rs 49,500.