Guideline Value for THIRUVALLUVAR NAGAR 48TH CROSS STREET

Thiruvalluvar Nagar 48th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 48th 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 48th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 48th 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 then rose to Rs 1,800 per sq.ft in 2007, reflecting a 44% increase. Following this, there was a significant jump to Rs 6,500 per sq.ft in 2012, which represented a 261% increase. However, the value decreased to Rs 4,355 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 6,500 per sq.ft in 2023, followed by a further increase to Rs 7,150 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 534%. The register has no figures for this street 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 guideline values 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, indicating that the 2024 figure for Thiruvalluvar Nagar 48th Cross Street is below this median.

• Thiruvalluvar Nagar 47th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 49th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 46th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 45th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 44th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 43rd Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 48th 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 be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total fees together to 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 further calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 48th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 48th 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

When buying or selling property in Thiruvanmiyur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and reflects the minimum price at which a property can be registered.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The registration process utilizes this value to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 48th Cross Street?

The current guideline value for Thiruvalluvar Nagar 48th 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 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 land classification for Thiruvalluvar Nagar 48th Cross Street?

The land classification for Thiruvalluvar Nagar 48th Cross Street is Residential Class IV Type - I.

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

The Sub Registrar Office covering Thiruvalluvar Nagar 48th 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 48th Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 71,50,000, resulting in a stamp duty of Rs 5,00,500.