Guideline Value for THIRUVALLUVAR NAGAR 20TH CROSS STREET

Thiruvalluvar Nagar 20th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 20th 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 20th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 20th Cross Street has experienced several revisions over the years. In 2002, the value was Rs 1,247 per sq.ft, which increased to Rs 1,380 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 30% increase. Following this, there was a substantial jump to Rs 6,500 per sq.ft in 2012, showing a remarkable increase of 261%. However, the value decreased to Rs 4,355 per sq.ft in 2017, a decline of 33%. The next revision in 2023 saw it rise to Rs 6,500 per sq.ft, followed by the current value of Rs 7,150 per sq.ft in 2024, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 473%. There are no figures available for the revisions in years other than those listed.

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 value for these streets is Rs 9,900 per sq.ft, placing Thiruvalluvar Nagar 20th Cross Street's 2024 guideline value below this median.

• Thiruvalluvar Nagar 21st Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 22nd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 23rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 24th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 25th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 26th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 20th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 71,50,000. The stamp duty at 7% amounts to Rs 5,00,500, and the registration fee at 2% is 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 and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 20th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 20th 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 plays a crucial role in property transactions in Thiruvanmiyur. It is used as a basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is often referenced to determine the appropriate fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 20th Cross Street?

The current guideline value of Thiruvalluvar Nagar 20th 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 1,247 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, showing an overall increase of 473% over this period.

What is the land classification for Thiruvalluvar Nagar 20th Cross Street?

The land classification for Thiruvalluvar Nagar 20th Cross Street is Residential Class IV Type - I.

What are the other streets in Thiruvanmiyur with the same guideline value?

Other streets in Thiruvanmiyur, such as Thiruvalluvar Nagar 21st Cross Street, 22nd Cross Street, 23rd Cross Street, 24th Cross Street, 25th Cross Street, and 26th Cross Street, all have a guideline value of Rs 7,150 per sq.ft in 2024.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Thiruvalluvar Nagar 20th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.