Guideline Value for THIRUVALLUVAR NAGAR 4TH CROSS STREET

Thiruvalluvar Nagar 4th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 4th 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 4th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 4th Cross Street has seen significant changes over the years. In 2002, 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 then rose to Rs 1,800 per sq.ft in 2007, a substantial increase of 44%. Following that, in 2012, the value was revised to Rs 6,500 per sq.ft, reflecting a remarkable 261% increase. However, this value dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 6,500 per sq.ft in 2023, followed by the current value of Rs 7,150 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 534%. There are no figures available for the years not mentioned in the register for this street.

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. The guideline value of Thiruvalluvar Nagar 4th Cross Street is below this median.

• Thiruvalluvar Nagar 49th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 48th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Main Road: 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)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 4th 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 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 fees to Rs 6,43,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 4th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 4th Cross Street is the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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 benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price.

When you register a property, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 4th Cross Street?

The current guideline value of Thiruvalluvar Nagar 4th 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 increased 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 this period.

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

For a 1,000 sq.ft plot, the total 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 office handles the registration for Thiruvalluvar Nagar 4th Cross Street?

The Chennai South Joint I Sub Registrar Office handles the registration for Thiruvalluvar Nagar 4th Cross Street, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.