Guideline Value for THIRUVALLUVAR NAGAR 30TH CROSS STREET

Thiruvalluvar Nagar 30th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 30th 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 30th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 30th 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 continued to rise significantly, reaching Rs 1,800 per sq.ft in 2007, a 30% increase from the previous revision. By 2012, the value was Rs 6,500 per sq.ft, reflecting a substantial increase of 261% from 2007. However, it dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 473%. There are no figures available in the register for revisions in years other than those listed.

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 30th Cross Street's 2024 figure below that median.

• Thiruvalluvar Nagar 31st Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 32nd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 33rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 36th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 37th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 38th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 30th 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 of duty and fees to Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 30th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 30th 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 details.

How the guideline value is used when you buy or sell in Thiruvanmiyur

The guideline value is an essential component in the property registration process in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and adheres to the regulations set forth by the authorities.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 30th Cross Street?

The current guideline value of Thiruvalluvar Nagar 30th 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, reflecting an overall increase of 473% over this period.

What is the land classification for Thiruvalluvar Nagar 30th Cross Street?

The land classification for Thiruvalluvar Nagar 30th Cross Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for a 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 is responsible for property registration in Thiruvalluvar Nagar 30th Cross Street?

The Chennai South Joint I Sub Registrar Office is responsible for property registration in Thiruvalluvar Nagar 30th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.