Guideline Value for T.R.R.2ND CROSS ST

T.R.R.2nd Cross St guideline value

The current guideline value of T.R.R.2nd Cross St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of T.R.R.2nd Cross St has changed

In the 2012 revision, the guideline value was Rs 850 per sq.ft. This figure decreased to Rs 569 per sq.ft in the 2017 revision, marking a decline of 33%. The value then saw a significant increase to Rs 850 per sq.ft in the 2023 revision, followed by a further increase to Rs 935 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, 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 Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which matches the 2024 figure for T.R.R.2nd Cross St.

• T.R.R.1st Cross St: Rs 935 per sq.ft (2024)
• T.R.R.Street: Rs 935 per sq.ft (2024)
• Thulasi St: Rs 935 per sq.ft (2024)
• Vallalar 1st Cross St: Rs 935 per sq.ft (2024)
• Thiruvika St: Rs 805 per sq.ft (2024)
• Vallalar St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in T.R.R.2nd Cross St

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.R.R.2nd Cross St?

The T.R.R.2nd Cross St is covered by 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 online.

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

The guideline value is a crucial factor during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling, the guideline value helps in determining the minimum value at which a property can be registered. This value is essential for both buyers and sellers to understand the financial implications of the transaction.

Frequently asked questions

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

The current guideline value of T.R.R.2nd Cross St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of T.R.R.2nd Cross St?

T.R.R.2nd Cross St is classified as Residential Class II Type - II.

Which office handles the registration for T.R.R.2nd Cross St?

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

How is stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 84,150.