Guideline Value for THIRUVALLUVAR NAGAR 43RD CROSS STREET

Thiruvalluvar Nagar 43rd Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 43rd 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 43rd Cross Street has changed

The guideline value for Thiruvalluvar Nagar 43rd Cross Street has seen significant changes over the years. In the 2002 revision, the value was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, marking an 11% rise. The value continued to grow, reaching Rs 1,800 per sq.ft in 2007, which was a 44% increase from the previous revision. The 2012 revision saw the value drop to Rs 6,500 per sq.ft, a decrease of 261% from 2007. However, it rebounded to Rs 4,355 per sq.ft in 2017, which was a 49% increase from 2012. The value then rose to Rs 6,500 per sq.ft in 2023, before reaching the current figure of Rs 7,150 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in years other than those mentioned. The overall increase from 2002 to 2024 is 534%, highlighting the substantial changes in guideline value over the years.

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. Thiruvalluvar Nagar 43rd Cross Street's current value is below this median.

• Thiruvalluvar Nagar 42nd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 44th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 41st Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 45th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 40th 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 43rd Cross Street

For a 1,000 sq.ft plot at the current rate, the 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, 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 43rd Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 43rd 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 when buying or selling property in Thiruvanmiyur. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable duties and fees. It is essential to understand that these charges are based on the higher of the guideline value or the sale price, ensuring that the registration process aligns with the established values in the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 43rd Cross Street?

The current guideline value of Thiruvalluvar Nagar 43rd 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 stamp duty and registration fees for property in Thiruvalluvar Nagar 43rd Cross Street?

For a 1,000 sq.ft plot, the guideline value is 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 Sub Registrar Office covers Thiruvalluvar Nagar 43rd Cross Street?

The Sub Registrar Office for Thiruvalluvar Nagar 43rd 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.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to know the current guideline value to ensure compliance with local regulations.