Guideline Value for 5TH CROSS ST

5th Cross St guideline value

The current guideline value of 5th Cross St in Thandurai village is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of 5th Cross St has changed

The guideline value for 5th Cross St has undergone 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 most recently, it has risen to Rs 988 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 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 village, 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 value for these streets is Rs 988 per sq.ft, which is equal to the current guideline value for 5th Cross St.

• 4th Cross St: Rs 988 per sq.ft (2024)
• 3rd Cross St: Rs 988 per sq.ft (2024)
• 2nd 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 5th 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, while the registration fee at 2% would be Rs 19,760, bringing the total fees together to Rs 88,920. Please 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 5th Cross St?

The Sub Registrar Office that covers 5th 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 critical factor during property registration in Thandurai. It determines the minimum price at which a property can be registered and is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It serves as a benchmark for both buyers and sellers to understand the property's worth in the current market.

Frequently asked questions

What is the current guideline value of 5th Cross St?

The current guideline value of 5th 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 of 5th Cross St?

5th Cross St is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles the registration for 5th Cross St?

The Avadi Sub Registrar Office handles the registration for 5th Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.