Guideline Value for Dr.M.Varadharasanar Cross St

Dr.M.Varadharasanar Cross St guideline value

The current guideline value of Dr.M.Varadharasanar Cross St is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Dr.M.Varadharasanar Cross St has changed

The guideline value for Dr.M.Varadharasanar Cross St has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a 33% drop. The value increased again to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 450%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are a total of 172 streets under the Tiruvallur Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Dr.M.Varadharasanar Cross St.

• Dr.M.Varadharasanar St: Rs 1,100 per sq.ft (2024)
• Dr. Radhaakrishanan Street: Rs 1,100 per sq.ft (2024)
• Dr.ambetkar Street: Rs 770 per sq.ft (2024)
• East tank Street: Rs 2,750 per sq.ft (2024)
• Edappalayam Thalakancheri road: Rs 1,650 per sq.ft (2024)
• Ekkadu Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.M.Varadharasanar Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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 Dr.M.Varadharasanar Cross St?

The Sub Registrar Office that covers Dr.M.Varadharasanar Cross St is 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 Thiruvallur

The guideline value plays a crucial role when buying or selling property in Thiruvallur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and fairly, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Dr.M.Varadharasanar Cross St?

The current guideline value of Dr.M.Varadharasanar Cross St is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Dr.M.Varadharasanar Cross St?

Dr.M.Varadharasanar Cross St is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for this street?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.