Guideline Value for THIRUVALLUVAR NAGAR 29TH CROSS STREET

Thiruvalluvar Nagar 29th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 29th 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 29th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 29th 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 increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 30% increase. Following this, the value surged to Rs 6,500 per sq.ft in 2012, representing a substantial increase of 261%. However, from 2012 to 2017, the value decreased by 33% to Rs 4,355 per sq.ft. The value then climbed to Rs 6,500 per sq.ft in 2023, a 49% increase, before reaching the current value of Rs 7,150 per sq.ft in 2024, which is a 10% rise.

It is important to note that the register has no figures for the years not mentioned in this overview. Overall, from 2002 to 2024, the guideline value has increased by 473%.

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 29th Cross Street is below this median.

• Thiruvalluvar Nagar 28th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Avenue: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 27th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 26th Cross Street: Rs 7,150 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 29th 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 29th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 29th 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 during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 29th Cross Street?

The current guideline value for Thiruvalluvar Nagar 29th 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 1,247 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, marking an overall increase of 473% over this period.

What is the land classification for Thiruvalluvar Nagar 29th Cross Street?

The land classification for Thiruvalluvar Nagar 29th Cross Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for property 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 this street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thiruvalluvar Nagar 29th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.