Guideline Value for THIRUVALLUVAR NAGAR 10TH CROSS STREET

Thiruvalluvar Nagar 10th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 10th Cross Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification is Residential Class IV Type - I.

How the guideline value of Thiruvalluvar Nagar 10th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 10th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 1,800 per sq.ft in 2007, which was a 44% increase. Following this, the value surged to Rs 6,500 per sq.ft in 2012, reflecting a substantial 261% increase. However, it decreased to Rs 4,355 per sq.ft in 2017, a drop of 33%. The value then climbed to Rs 6,500 per sq.ft in 2023, before reaching the current figure of Rs 7,150 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 534%. There are no revisions with figures missing for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, placing Thiruvalluvar Nagar 10th Cross Street's 2024 figure below that median.

• Thiruvalluvar Nagar 11th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 12th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 13th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 14th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 15th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 16th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total cost to Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 10th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 10th 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 during the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is important for both buyers and sellers. This value also assists in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 10th Cross Street?

The current guideline value of Thiruvalluvar Nagar 10th Cross Street is Rs 7,150 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 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, marking an overall increase of 534% over this period.

What is the land classification for Thiruvalluvar Nagar 10th Cross Street?

The land classification for Thiruvalluvar Nagar 10th Cross Street is Residential Class IV Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 71,50,000. The stamp duty would be Rs 5,00,500, and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which office handles registrations for Thiruvalluvar Nagar 10th Cross Street?

The registrations for Thiruvalluvar Nagar 10th Cross Street are handled by 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.