Guideline Value for 2ND CROSS ST

2nd Cross St guideline value

The current guideline value of 2nd 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 2nd Cross St has changed

The guideline value for 2nd Cross St has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and finally rose to Rs 988 per sq.ft in 2024, marking a 10% increase from the previous revision.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. 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, with the median being Rs 988 per sq.ft. The guideline value of 2nd Cross St is equal to this median.

• 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)
• 1st Cross Street Navajeevan Nagar: Rs 988 per sq.ft (2024)
• 1st 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 2nd Cross St

For a 1,000 sq.ft plot at the current rate of Rs 988 per sq.ft, the 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, totaling Rs 88,920. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 2nd Cross St?

The Sub Registrar Office that covers 2nd Cross St is 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 information.

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

The guideline value is a crucial factor when registering property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of 2nd Cross St?

The current guideline value of 2nd 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 increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for 2nd Cross St?

2nd Cross St is classified as Residential Class II Type - I under the guideline value register.

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

The Sub Registrar Office for 2nd Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 at 7%.