Guideline Value for THIRUVALLUVAR NAGAR 11TH CROSS STREET

Thiruvalluvar Nagar 11th Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 11th 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 for this area is Residential Class IV Type - I.

How the guideline value of Thiruvalluvar Nagar 11th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 11th Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, marking an increase of 11%. The 2007 revision saw a significant rise to Rs 1,800 per sq.ft, which was a 44% increase. In 2012, the value rose sharply to Rs 6,500 per sq.ft, reflecting a 261% increase. However, in 2017, it decreased to Rs 4,355 per sq.ft, a drop of 33%. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, and finally, the current 2024 revision sets it at Rs 7,150 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 534%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for Thiruvalluvar Nagar 11th Cross Street is below this median.

• Thiruvalluvar Nagar 12th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 10th 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 11th Cross Street

For a 1,000 sq.ft plot at the current rate, the 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 to Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 11th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 11th 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 in determining the amount of stamp duty and registration fees when buying or selling property in Thiruvanmiyur. It serves as a reference point for the government to calculate the taxes applicable on property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 11th Cross Street?

The current guideline value for Thiruvalluvar Nagar 11th 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, with various revisions occurring in between.

What is the land classification for Thiruvalluvar Nagar 11th Cross Street?

The land classification for Thiruvalluvar Nagar 11th Cross Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thiruvalluvar Nagar 11th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar 11th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 71,50,000 would incur a stamp duty of Rs 5,00,500 at 7%.