Guideline Value for THIRUVALLUVAR NAGAR 13TH CROSS STREET

Thiruvalluvar Nagar 13th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 13th 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 13th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 13th Cross Street has undergone several revisions over the years. The earliest recorded value was Rs 1,127 per sq.ft in 2002, which increased to Rs 1,247 per sq.ft in 2003. Following this, the value rose to Rs 1,800 per sq.ft in 2007, and then significantly jumped to Rs 6,500 per sq.ft in 2012. However, it saw a decrease to Rs 4,355 per sq.ft in 2017, before climbing to Rs 6,500 per sq.ft again in 2023. The most recent revision in 2024 has set the guideline value at Rs 7,150 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase is +534%. The value increased by +11% from 2002 to 2003, followed by a +44% rise from 2003 to 2007. The value then surged by +261% from 2007 to 2012, but dropped by -33% from 2012 to 2017. The increase from 2017 to 2023 was +49%, and the jump from 2023 to 2024 is +10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, 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 value of Thiruvalluvar Nagar 13th Cross Street below this median.

• Thiruvalluvar Nagar 14th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 12th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 15th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 11th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 16th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 17th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 13th 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 would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total cost together to Rs 6,43,500. Please note that the 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 Thiruvalluvar Nagar 13th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 13th 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 on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value helps in assessing the appropriate fees that need to be paid. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 13th Cross Street?

The current guideline value of Thiruvalluvar Nagar 13th 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, reflecting an overall increase of +534% over the years.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, which means that the guideline value of Thiruvalluvar Nagar 13th Cross Street is below this median.

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

For a property valued at 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 13th Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thiruvalluvar Nagar 13th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.