Guideline Value for THIRUVALLUVAR NAGAR 14TH CROSS STREET

Thiruvalluvar Nagar 14th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 14th 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 14th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 14th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,127 per sq.ft. It increased to Rs 1,247 per sq.ft in 2003, marking an increase of 11%. The value rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 44% increase. In 2012, the value was Rs 6,500 per sq.ft, which was a substantial increase of 261% from the previous revision. However, in 2017, it decreased to Rs 4,355 per sq.ft, showing a decline of 33%. The value then rose to Rs 6,500 per sq.ft in 2023, and finally, it reached Rs 7,150 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 534%. The register does not have figures for any other years 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. The median value is Rs 9,900 per sq.ft, placing Thiruvalluvar Nagar 14th Cross Street's 2024 figure below this median.

• Thiruvalluvar Nagar 13th 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)
• Thiruvalluvar Nagar 12th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 17th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 18th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 14th 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 to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 14th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 14th 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, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruvanmiyur

The guideline value plays a critical role in the registration process when buying or selling property in Thiruvanmiyur. It serves as the basis for calculating the stamp duty and registration fees that must be paid at the time of property registration.

Buyers and sellers should be aware that the guideline value is determined by the government and is subject to periodic revisions. It is essential to consult the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 14th Cross Street?

The current guideline value of Thiruvalluvar Nagar 14th 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 from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, showing an overall increase of 534% over the years.

What is the land classification for Thiruvalluvar Nagar 14th Cross Street?

The land classification for Thiruvalluvar Nagar 14th 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 would be Rs 71,50,000, with stamp duty at Rs 5,00,500 and registration fees at Rs 1,43,000, totaling Rs 6,43,500.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Thiruvalluvar Nagar 14th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.