Guideline Value for THIRUMALAI NAGAR ANNEX 4TH CROSS STREET

Thirumalai Nagar Annex 4th Cross Street guideline value

The current guideline value of Thirumalai Nagar Annex 4th 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, classified as Residential Special Type - I.

How the guideline value of Thirumalai Nagar Annex 4th Cross Street has changed

The guideline value for Thirumalai Nagar Annex 4th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 254 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a rise of 176%. The value continued to grow, reaching Rs 1,250 per sq.ft in 2007, which was a 300% increase from the previous revision. By 2012, the guideline value was Rs 5,000 per sq.ft, reflecting a decrease of 33% from the 2017 figure. The value then rose to Rs 3,350 per sq.ft in 2017, a 49% increase from 2012. In 2023, the guideline value was Rs 5,000 per sq.ft, and it further increased to Rs 5,500 per sq.ft in 2024, representing a 10% increase.

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

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 4th Cross Street is above this median.

• Thirumalai Nagar Annex 1st 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 2nd Main Road: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 3rd Cross Street: Rs 5,500 per sq.ft (2024)
• Thirumalai Nagar Annex 3rd 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 4th 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 fees to Rs 4,95,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar Annex 4th Cross Street?

The Thirumalai Nagar Annex 4th Cross Street is covered by 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Seevaram. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of the transaction.

When buying or selling property, the guideline value ensures transparency and standardization in the registration process. It helps in determining the official value of the property, which is important for legal and financial documentation.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Annex 4th Cross Street?

The current guideline value of Thirumalai Nagar Annex 4th 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, increasing from Rs 254 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, which is an overall increase of 2065%.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles the registration for Thirumalai Nagar Annex 4th Cross Street?

The registration for Thirumalai Nagar Annex 4th Cross Street is handled by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification for Thirumalai Nagar Annex 4th Cross Street?

The land classification for Thirumalai Nagar Annex 4th Cross Street is Residential Special Type - I, indicating its designated use for residential purposes.