Guideline Value for THIRUVALLUVAR NAGAR 55TH CROSS STREET

Thiruvalluvar Nagar 55th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 55th 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 55th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 55th Cross Street has seen several revisions over the years. The earliest recorded revision in 2002 listed the value at Rs 1,127 per sq.ft. This figure increased to Rs 1,247 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 44% increase. Following this, the 2012 revision showed a decrease to Rs 6,500 per sq.ft, which was a drop of 261% from the previous figure. However, the value rebounded to Rs 4,355 per sq.ft in 2017, representing a 49% increase. The most recent 2023 revision set the value at Rs 6,500 per sq.ft, before the current figure of Rs 7,150 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the years not mentioned in the register for this street. 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 guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing the 2024 figure for Thiruvalluvar Nagar 55th Cross Street below this median.

• Thiruvalluvar Nagar 54th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 56th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 53rd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 57th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 52nd Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 58th Cross Street: Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 55th 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, calculated at 7%, would be Rs 5,00,500, and the registration fee, at 2%, would be Rs 1,43,000, bringing the total cost for these fees to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvalluvar Nagar 55th Cross Street?

The Thiruvalluvar Nagar 55th Cross Street is covered by 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 details.

How the guideline value is used when you buy or sell in Thiruvanmiyur

When buying or selling property in Thiruvanmiyur, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value serves as a benchmark for the minimum price at which property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the property transaction. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 55th Cross Street?

The current guideline value of Thiruvalluvar Nagar 55th 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, reflecting an overall increase of 534%.

What is the land classification for Thiruvalluvar Nagar 55th Cross Street?

The land classification for Thiruvalluvar Nagar 55th Cross Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Thiruvalluvar Nagar 55th Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 71,50,000, with stamp duty at Rs 5,00,500 and registration fee at Rs 1,43,000, totaling Rs 6,43,500.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Thiruvalluvar Nagar 55th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.