Guideline Value for THIRUVALLUVAR NAGAR 39TH CROSS STREET

Thiruvalluvar Nagar 39th Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 39th 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 39th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 39th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,128 per sq.ft. This figure increased to Rs 1,248 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, which was a 44% increase. Following this, the value jumped to Rs 6,500 per sq.ft in 2012, reflecting a substantial increase of 261%. However, the value decreased to Rs 4,355 per sq.ft in 2017, a decline of 33%. In 2023, the guideline value was Rs 6,500 per sq.ft, and it has now risen to Rs 7,150 per sq.ft in 2024, marking a 10% increase.

There are no figures available for the revisions in years other than those mentioned above. 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 for these streets is Rs 9,900 per sq.ft, placing Thiruvalluvar Nagar 39th Cross Street's 2024 value below the median.

• Thiruvalluvar Nagar 38th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Avenue: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 37th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 36th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 33rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 32nd Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 39th 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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 39th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 39th 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 critical factor during the registration process of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 39th Cross Street?

The current guideline value for Thiruvalluvar Nagar 39th 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 1,128 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 534% over the years.

What is the land classification for Thiruvalluvar Nagar 39th Cross Street?

The land classification for Thiruvalluvar Nagar 39th Cross Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thiruvalluvar Nagar 39th Cross Street is 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?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property with a guideline value of Rs 71,50,000 would incur a stamp duty of Rs 5,00,500 at a rate of 7%.