Guideline Value for THIRUVALLUVAR NAGAR 31ST CROSS STREET

Thiruvalluvar Nagar 31st Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 31st 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 31st Cross Street has changed

The guideline value for Thiruvalluvar Nagar 31st Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, marking a change of +11%. By 2007, the value rose significantly to Rs 1,800 per sq.ft, reflecting a +44% increase. The 2012 revision saw this figure remain at Rs 6,500 per sq.ft, but then it dropped to Rs 4,355 per sq.ft in 2017, a decrease of -33%.

In 2023, the guideline value increased to Rs 6,500 per sq.ft, followed by a rise to the current value of Rs 7,150 per sq.ft in 2024, which is a +10% change. Overall, from 2002 to 2024, the guideline value has increased by +534%.

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 in this area is Rs 9,900 per sq.ft, which means that Thiruvalluvar Nagar 31st Cross Street's 2024 figure is below that median.

• Thiruvalluvar Nagar 30th 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 31st 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 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 31st Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 31st 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 the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 31st Cross Street?

The current guideline value of Thiruvalluvar Nagar 31st 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, reflecting an overall increase of +534% over the years.

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

Other streets in Thiruvanmiyur that share the same guideline value of Rs 7,150 per sq.ft in 2024 include Thiruvalluvar Nagar 30th Cross Street, 32nd Cross Street, 33rd Cross Street, 36th Cross Street, 37th Cross Street, and 38th Cross Street.

What is the stamp duty and registration fee 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. This is based on the guideline value of Rs 7,150 per sq.ft.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 31st Cross Street?

The Sub Registrar Office for Thiruvalluvar Nagar 31st Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more details online.