Guideline Value for THIRUVALLUVAR NAGAR 22ND CROSS STREET

Thiruvalluvar Nagar 22nd Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 22nd 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 22nd Cross Street has changed

The guideline value for Thiruvalluvar Nagar 22nd Cross Street has undergone several revisions over the years. In 2002, the value was Rs 1,127 per sq.ft, which increased to Rs 1,247 per sq.ft in 2003. By 2007, the value saw a significant rise to Rs 1,800 per sq.ft, marking an increase of 44%. In 2012, the value remained at Rs 6,500 per sq.ft, but then dropped to Rs 4,355 per sq.ft in 2017, reflecting a decrease of 33%. From 2017 to 2023, the value increased by 49%, reaching Rs 6,500 per sq.ft, and the latest revision in 2024 set it at Rs 7,150 per sq.ft, which is a 10% increase.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 534%.

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 for Thiruvalluvar Nagar 22nd Cross Street is below this median.

• Thiruvalluvar Nagar 21st Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 23rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 20th 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 22nd 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 amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, while the registration fee at 2% would be Rs 1,43,000. Together, the total cost for these fees would be 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 22nd Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 22nd 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 during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is crucial to consider this value when negotiating sale prices, as the stamp duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 22nd Cross Street?

The current guideline value of Thiruvalluvar Nagar 22nd 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 several times, starting from Rs 1,127 per sq.ft in 2002 and reaching Rs 7,150 per sq.ft in 2024, marking an overall increase of 534% since 2002.

What is the land classification for Thiruvalluvar Nagar 22nd Cross Street?

The land classification for Thiruvalluvar Nagar 22nd Cross Street is Residential Class IV Type - I.

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

The Sub Registrar Office for Thiruvalluvar Nagar 22nd 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.

How is the stamp duty calculated for properties in Thiruvalluvar Nagar 22nd Cross Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 5,00,500.