Guideline Value for THIRUVALLUVAR NAGAR 19TH CROSS STREET

Thiruvalluvar Nagar 19th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 19th 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 19th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 19th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,127 per sq.ft. This value increased to Rs 1,247 per sq.ft in 2003, marking an 11% rise. The value saw a significant increase to Rs 1,800 per sq.ft in 2007, which was a 44% change. In 2012, the guideline value was recorded at Rs 6,500 per sq.ft, representing a substantial increase of 261% from the previous figure. However, this value dropped to Rs 4,355 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 6,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 7,150 per sq.ft, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 534%. The register has no figure 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. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Thiruvalluvar Nagar 19th Cross Street's 2024 figure below that median.

• Thiruvalluvar Nagar 1st Avenue: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 18th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 17th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 16th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Main Road: Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 19th 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 19th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 19th 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 crucial during the registration process of property transactions in Thiruvanmiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps to determine the official value of the property, which can influence the overall transaction process. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications involved in the registration of the property.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 19th Cross Street?

The current guideline value of Thiruvalluvar Nagar 19th 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 19th Cross Street?

The land classification for Thiruvalluvar Nagar 19th 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 19th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Thiruvalluvar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 5,00,500.