Guideline Value for THIRUVALLUVAR NAGAR 28TH CROSS STREET

Thiruvalluvar Nagar 28th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 28th 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 28th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 28th Cross Street has seen several revisions over the years. The earliest recorded value in the register is from 2002, where it was Rs 1,127 per sq.ft. This increased to Rs 1,247 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 44% increase. Following this, the value surged to Rs 6,500 per sq.ft in 2012, a substantial increase of 261%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The guideline value then increased to Rs 6,500 per sq.ft in 2023, followed by the latest revision to Rs 7,150 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 534%. There are no figures available for any other years for this street in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value 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 28th Cross Street's 2024 figure below that median.

• Thiruvalluvar Nagar 27th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 29th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 26th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Avenue: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 25th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 24th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 28th 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 cost for these fees to Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 28th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 28th 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 when registering property transactions in Thiruvanmiyur. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay. The fees are determined based on the higher of the guideline value or the actual sale price of the property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This helps maintain transparency in property dealings and ensures that all transactions are subject to the same regulatory framework.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 28th Cross Street?

The current guideline value of Thiruvalluvar Nagar 28th 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 from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, marking an overall increase of 534% over the years.

What is the land classification for Thiruvalluvar Nagar 28th Cross Street?

The land classification for Thiruvalluvar Nagar 28th Cross Street is Residential Class IV Type - I.

Where can I find the stamp duty and registration fee calculator?

You can find the stamp duty and registration fee calculator here.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Thiruvalluvar Nagar 28th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.