Guideline Value for THIRUVALLUVAR NAGAR 42ND CROSS STREET

Thiruvalluvar Nagar 42nd Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 42nd 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 is Residential Class IV Type - I.

How the guideline value of Thiruvalluvar Nagar 42nd Cross Street has changed

The guideline value for Thiruvalluvar Nagar 42nd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,127 per sq.ft, which increased to Rs 1,247 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 44% increase. Following this, the value surged to Rs 6,500 per sq.ft in 2012, a notable increase of 261%. However, between 2012 and 2017, the value dropped to Rs 4,355 per sq.ft, showing a decrease of 33%. The guideline value then increased to Rs 6,500 per sq.ft in 2023, and most recently, it has risen to Rs 7,150 per sq.ft in 2024, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 534%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with 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 42nd Cross Street below this median.

• Thiruvalluvar Nagar 41st Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 43rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 40th 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 42nd Cross Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 42nd Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 42nd 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 of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 42nd Cross Street?

The current guideline value of Thiruvalluvar Nagar 42nd 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 seen several revisions, increasing from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, which represents an overall increase of 534%.

What is the land classification for Thiruvalluvar Nagar 42nd Cross Street?

The land classification for Thiruvalluvar Nagar 42nd Cross Street is Residential Class IV Type - I.

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

The Sub Registrar Office for Thiruvalluvar Nagar 42nd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Thiruvalluvar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 6,43,500.