Guideline Value for THIRUVALLUVAR NAGAR 25TH CROSS STREET

Thiruvalluvar Nagar 25th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 25th Cross Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thiruvalluvar Nagar 25th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 25th Cross Street has seen 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 11% rise. The value then rose to Rs 1,800 per sq.ft in 2007, reflecting a 30% increase. Following this, there was a significant jump to Rs 6,500 per sq.ft in 2012, a 261% increase. However, the value decreased to Rs 4,355 per sq.ft in 2017, a drop of 33%. The guideline value then increased to Rs 6,500 per sq.ft in 2023, followed by a further increase to Rs 7,150 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 473%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values for 2024 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, indicating that the 2024 figure for Thiruvalluvar Nagar 25th Cross Street is below this median.

• Thiruvalluvar Nagar 24th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 26th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 23rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 27th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 22nd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 28th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 25th 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, bringing the total fees together to Rs 6,43,500. Please 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 details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 25th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 25th 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 during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are based on a standardized valuation of the property.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 25th Cross Street?

The current guideline value of Thiruvalluvar Nagar 25th 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, representing an overall increase of 473% over the years.

What is the land classification for Thiruvalluvar Nagar 25th Cross Street?

Thiruvalluvar Nagar 25th Cross Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which office handles registrations for Thiruvalluvar Nagar 25th Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thiruvalluvar Nagar 25th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.