Guideline Value for THIRUVALLUVAR NAGAR 18TH CROSS STREET

Thiruvalluvar Nagar 18th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 18th 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 18th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 18th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, which 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, reflecting a 44% increase. Following this, the value surged to Rs 6,500 per sq.ft in 2012, a remarkable 261% increase. However, it decreased to Rs 4,355 per sq.ft in 2017, showing a decline of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, and finally, it increased to Rs 7,150 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from the initial figure in 2002 to the current guideline value in 2024, there has been a significant increase of 534%. The register has no figures for the years not mentioned in this summary.

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 of Thiruvalluvar Nagar 18th Cross Street is below this median.

• Thiruvalluvar Nagar 17th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 19th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Avenue: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 16th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 15th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 18th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 7,150 per sq.ft, the guideline value is 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, totaling Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 18th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 18th 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 an important factor when buying or selling property in Thiruvanmiyur. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in assessing the official value of the property, which is used for calculating the taxes involved in the transaction. This ensures that the transaction is recorded accurately and that the appropriate fees are paid to the government.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 18th Cross Street?

The current guideline value of Thiruvalluvar Nagar 18th 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, reflecting an overall increase of 534% over this period.

What is the land classification for Thiruvalluvar Nagar 18th Cross Street?

The land classification for Thiruvalluvar Nagar 18th 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 18th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It helps in assessing the official value of the property to ensure compliance with local regulations.