Guideline Value for THIRUVALLUVAR NAGAR 12TH CROSS STREET

Thiruvalluvar Nagar 12th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 12th 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 12th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 12th Cross Street has seen several revisions over the years. In 2002, the value was Rs 1,127 per sq.ft, which increased to Rs 1,247 per sq.ft in 2003, marking an increase of 11%. Following this, the value rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 44% increase. The value further surged to Rs 6,500 per sq.ft in 2012, a remarkable increase of 261%. However, it then decreased to Rs 4,355 per sq.ft in 2017, showing a decline of 33% from the previous revision. The value was 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.

Overall, from 2002 to 2024, the guideline value has increased by 534%. The register has no figure for the years not mentioned in the provided data.

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, making the current figure for Thiruvalluvar Nagar 12th Cross Street below that median.

• Thiruvalluvar Nagar 11th 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 10th 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 12th 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, leading to a total of Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 12th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 12th 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 of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both parties adhere to the legal requirements set forth by the registration department.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 12th Cross Street?

The current guideline value of Thiruvalluvar Nagar 12th 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 several times, starting from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 534% over the years.

What is the land classification for Thiruvalluvar Nagar 12th Cross Street?

The land classification for Thiruvalluvar Nagar 12th Cross Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for this street?

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

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Thiruvalluvar Nagar 12th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.