Guideline Value for THIRUMALAI NAGAR ANNEX 3RD CROSS STREET

Thirumalai Nagar Annex 3rd Cross Street guideline value

The current guideline value of Thirumalai Nagar Annex 3rd Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village, under the Neelankarai SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirumalai Nagar Annex 3rd Cross Street has changed

The guideline value for Thirumalai Nagar Annex 3rd Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 254 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a significant rise of 176%. The value continued to rise to Rs 1,250 per sq.ft in 2007, a 79% increase. By 2012, the value reached Rs 5,000 per sq.ft, reflecting a substantial increase of 300% from the previous revision. However, it then decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value saw a notable increase to Rs 5,000 per sq.ft in 2023, followed by a further rise to the current value of Rs 5,500 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2065%. There are no figures available for revisions in the years not listed for this street.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Thirumalai Nagar Annex 3rd Cross Street is above this median.

• Thirumalai Nagar Annex 2nd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 3rd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 4th Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 1st Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 5th Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Annex 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirumalai Nagar Annex 3rd Cross Street?

The Thirumalai Nagar Annex 3rd Cross Street falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Seevaram. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is taken into account for calculating the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Thirumalai Nagar Annex 3rd Cross Street?

The current guideline value for Thirumalai Nagar Annex 3rd Cross Street is Rs 5,500 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 254 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 2065% over this period.

What is the registration office for Thirumalai Nagar Annex 3rd Cross Street?

The registration office for Thirumalai Nagar Annex 3rd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Where can I find more information about stamp duty and registration fees?

For more information, you can use the stamp duty and registration fee calculator available on our website.