Guideline Value for THIRUVALLUVAR NAGAR 26TH CROSS STREET

Thiruvalluvar Nagar 26th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 26th 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 26th Cross Street has changed

Over the years, the guideline value of Thiruvalluvar Nagar 26th Cross Street has seen significant changes. In 2002, the guideline value was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, marking an 11% rise. The value then saw a further increase to Rs 1,800 per sq.ft in 2007, which was a 44% increase. The next revision in 2012 brought the value down to Rs 6,500 per sq.ft, a decrease of 261%. In 2017, it rose again to Rs 4,355 per sq.ft, reflecting a 49% increase. The guideline value was Rs 6,500 per sq.ft in 2023 and increased by 10% to the current Rs 7,150 per sq.ft in 2024.

There are no figures available for revisions in the years not listed. The overall change from 2002 to 2024 shows an increase of 534% in the guideline value.

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 the 2024 figure for Thiruvalluvar Nagar 26th Cross Street below this median.

• Thiruvalluvar Nagar 25th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 27th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 24th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 28th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 23rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 29th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 26th 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 be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000. Together, the total cost for stamp duty and registration would be Rs 6,43,500. Please 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 26th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 26th 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 crucial factor in property transactions in Thiruvanmiyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the property registration process.

When buying or selling property, it is essential to be aware of the current guideline value as it impacts the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 26th Cross Street?

The current guideline value of Thiruvalluvar Nagar 26th 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, increasing from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, an overall increase of 534%.

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

Other streets in Thiruvanmiyur with the same guideline value of Rs 7,150 per sq.ft in 2024 include Thiruvalluvar Nagar 25th, 27th, 24th, 28th, 23rd, and 29th Cross Streets.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 26th Cross Street?

The Sub Registrar Office for Thiruvalluvar Nagar 26th 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 26th Cross Street?

The stamp duty for properties in Thiruvalluvar Nagar 26th Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 5,00,500 based on the current guideline value.