Guideline Value for THIRUVALLUVAR NAGAR 23RD CROSS STREET

Thiruvalluvar Nagar 23rd Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 23rd 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 23rd Cross Street has changed

The guideline value has undergone several revisions over the years. The earliest recorded value for this street is from 2002, with a guideline value of Rs 1,594 per sq.ft. This increased to Rs 1,763 per sq.ft in 2003, marking a change of +11%. The value saw a modest increase of +2% to Rs 1,800 per sq.ft in 2007. By 2012, the guideline value had risen significantly to Rs 6,500 per sq.ft, reflecting an increase of +261%. However, this value dropped by -33% to Rs 4,355 per sq.ft in 2017. The guideline value then increased sharply to Rs 6,500 per sq.ft in 2023, followed by a further increase of +10% to the current value of Rs 7,150 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by +349%. Notably, there are no revisions without figures for this street in the register.

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 guideline value for these streets is Rs 9,900 per sq.ft, placing Thiruvalluvar Nagar 23rd Cross Street's 2024 figure below this median.

• Thiruvalluvar Nagar 22nd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 24th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 21st Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 25th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 20th 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 23rd 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, and the registration fee at 2% would be Rs 1,43,000, making the total cost for these fees Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 23rd Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 23rd 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 a critical factor in the property registration process in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value will influence the calculation of stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the actual sale price, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 23rd Cross Street?

The current guideline value of Thiruvalluvar Nagar 23rd 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 1,594 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of +349% over the years.

What is the land classification for Thiruvalluvar Nagar 23rd Cross Street?

The land classification for Thiruvalluvar Nagar 23rd Cross Street is Residential Class IV Type - I.

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

The Sub Registrar Office covering Thiruvalluvar Nagar 23rd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 6,43,500.