Guideline Value for THIRUVALLUVAR NAGAR 41ST CROSS STREET

Thiruvalluvar Nagar 41st Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 41st 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 41st Cross Street has changed

The guideline value for Thiruvalluvar Nagar 41st Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, marking an 11% rise. By 2007, the value jumped significantly to Rs 1,800 per sq.ft, which was a 44% increase. The 2012 revision saw the value rise to Rs 6,500 per sq.ft, a remarkable 261% increase from the previous figure. However, in 2017, the value dropped to Rs 4,355 per sq.ft, reflecting a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 6,500 per sq.ft, and finally, the current guideline value is Rs 7,150 per sq.ft as of 2024, which is a 10% increase from the previous year.

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

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 41st Cross Street is below this median.

• Thiruvalluvar Nagar 40th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 42nd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 43rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 44th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 45th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 46th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 41st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, bringing the total to 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 41st Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 41st 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 stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property transactions and ensures that all parties involved are aware of the applicable fees based on the guideline value.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 41st Cross Street?

The current guideline value of Thiruvalluvar Nagar 41st 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 this period.

What is the land classification for Thiruvalluvar Nagar 41st Cross Street?

The land classification for Thiruvalluvar Nagar 41st Cross Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 6,43,500, based on a guideline value of Rs 71,50,000.

Where is the Sub Registrar Office for Thiruvalluvar Nagar 41st Cross Street located?

The Sub Registrar Office for Thiruvalluvar Nagar 41st Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.