Guideline Value for THIRUVALLUVAR CROSS STREET

Thiruvalluvar Cross Street guideline value

The current guideline value of Thiruvalluvar Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiruvalluvar Cross Street has changed

The guideline value for Thiruvalluvar Cross Street has undergone several revisions over the years. The earliest recorded value in the register is from 2003, at Rs 114 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in 2007, marking a 339% rise. In 2012, the value adjusted to Rs 2,500 per sq.ft, which was a 400% increase from the previous revision. However, by 2017, it decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has reached Rs 2,800 per sq.ft in 2024, a 12% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2356%. The register has no figure for this street in 2002.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Thiruvalluvar Cross Street's 2024 figure above that median.

• Thiruvalluvar Salai: Rs 2,800 per sq.ft (2024)
• Thiruvengadam Garden: Rs 2,200 per sq.ft (2024)
• Thendral Nagar: Rs 2,200 per sq.ft (2024)
• Thuraikannu Lane: Rs 2,200 per sq.ft (2024)
• Thanigaivel Garden: Rs 3,300 per sq.ft (2024)
• Thandai Periyar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate these fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Cross Street is 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 Enjambakkam

The guideline value is a critical factor when it comes to the registration of properties in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these costs can significantly impact the overall expense of purchasing a property.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Cross Street?

The current guideline value of Thiruvalluvar Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 114 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Thiruvalluvar Cross Street?

The land classification for Thiruvalluvar Cross Street is Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Thiruvalluvar Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at a rate of 7%.