Guideline Value for EAST SEA CROSS STREET

East Sea Cross Street guideline value

The current guideline value of East Sea Cross Street is Rs 12,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of East Sea Cross Street has changed

The guideline value for East Sea Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,269 per sq.ft. This increased to Rs 1,404 per sq.ft in 2003, marking an 11% rise. In 2007, the value surged to Rs 1,300 per sq.ft, followed by a significant increase to Rs 11,500 per sq.ft in 2012, reflecting a 785% change. However, this figure dropped to Rs 7,705 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 11,500 per sq.ft in 2023 before reaching the current guideline value of Rs 12,650 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 897%. There are no figures recorded for any other revisions for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for East Sea Cross Street is above this median.

• East Mada Veethi: Rs 7,160 per sq.ft (2024)
• East Coastal Road: Rs 12,650 per sq.ft (2024)
• Duraisamy Street: Rs 7,150 per sq.ft (2024)
• Eliots Beach Road: Rs 12,650 per sq.ft (2024)
• District Boag Road: Rs 11,000 per sq.ft (2024)
• Dharmambal Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in East Sea Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 12,650 per sq.ft, the total guideline value amounts to Rs 1,26,50,000. The stamp duty at 7% would be Rs 8,85,500, and the registration fee at 2% would be Rs 2,53,000, bringing the total to Rs 11,38,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers East Sea Cross Street?

The Sub Registrar Office that covers East Sea Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvanmiyur. It serves as a reference point for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that both parties are aware of the financial implications of the transaction, especially in terms of the costs associated with registration.

Frequently asked questions

What is the current guideline value of East Sea Cross Street?

The current guideline value of East Sea Cross Street is Rs 12,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,269 per sq.ft in 2002 to Rs 12,650 per sq.ft in 2024, reflecting an overall increase of 897%.

What is the land classification for East Sea Cross Street?

East Sea Cross Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in East Sea Cross Street?

For a property valued at Rs 1,26,50,000, the stamp duty would be Rs 8,85,500 and the registration fee would be Rs 2,53,000, totaling Rs 11,38,500.

Where is the Sub Registrar Office for East Sea Cross Street located?

The Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.