Guideline Value for THIRUVALLUVAR NAGAR 46TH CROSS STREET

Thiruvalluvar Nagar 46th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 46th 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 46th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 46th Cross Street has seen several revisions over the years. In 2002, the 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 further increased to Rs 1,800 per sq.ft in 2007, reflecting a significant 44% change. By 2012, the value had risen to Rs 6,500 per sq.ft, showing a remarkable 261% increase from the previous revision.

From 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, representing a 33% drop. However, the value rebounded to Rs 6,500 per sq.ft in 2023, which is a 49% increase. The latest revision in 2024 set the guideline value at Rs 7,150 per sq.ft, a 10% increase from 2023. 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 with 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, making the 2024 figure for Thiruvalluvar Nagar 46th Cross Street below the median.

• Thiruvalluvar Nagar 45th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 47th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 44th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 48th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 43rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 49th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 46th 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, resulting in a total of 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 46th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 46th 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 in the registration process of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 46th Cross Street?

The current guideline value of Thiruvalluvar Nagar 46th 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, marking an overall increase of 534% over this period.

What is the registration office for Thiruvalluvar Nagar 46th Cross Street?

The registration office for Thiruvalluvar Nagar 46th 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.

What is the stamp duty for property in Thiruvalluvar Nagar 46th Cross Street?

The stamp duty for property in Thiruvalluvar Nagar 46th Cross Street is 7% of the guideline value or sale price, whichever is higher.

How can I calculate the registration fees?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.