Guideline Value for THIRUVALLUVAR NAGAR 49TH CROSS STREET

Thiruvalluvar Nagar 49th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 49th 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 49th Cross Street has changed

The guideline value has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,127 per sq.ft. In 2003, it increased to Rs 1,247 per sq.ft, marking an 11% increase. The 2007 revision saw a significant jump to Rs 1,800 per sq.ft, which was a 44% rise. The value then surged to Rs 6,500 per sq.ft in 2012, reflecting a substantial 261% increase from the previous revision. However, in 2017, the value dropped to Rs 4,355 per sq.ft, a decrease of 33%.

In the following years, the guideline value rose again, reaching Rs 6,500 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 7,150 per sq.ft, marking a 10% increase from the previous year. There are no figures available for the revisions in years not listed.

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. The median value for these streets is Rs 9,900 per sq.ft, indicating that Thiruvalluvar Nagar 49th Cross Street's 2024 figure is below that median.

• Thiruvalluvar Nagar 48th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 47th 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 4th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 44th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 49th 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, totaling Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 49th Cross Street?

The Sub Registrar Office covering Thiruvalluvar Nagar 49th 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, Chennai registration zone. 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 an important factor in property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers should be aware that the guideline value is used to calculate these fees, which are mandatory during the registration process.

When a property is registered, the higher of the guideline value and the sale price is taken into account for calculating the applicable duties and fees. This ensures that the registration process is consistent and transparent, reflecting the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 49th Cross Street?

The current guideline value of Thiruvalluvar Nagar 49th 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 over the years, starting from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 534%.

What is the land classification for Thiruvalluvar Nagar 49th Cross Street?

The land classification for Thiruvalluvar Nagar 49th Cross Street is Residential Class IV Type - I.

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

For a property valued at 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.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Thiruvalluvar Nagar 49th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.