Guideline Value for THIRUVALLUVAR NAGAR 58TH CROSS STREET

Thiruvalluvar Nagar 58th Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 58th Cross Street is Rs 8,250 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 II Type - I.

How the guideline value of Thiruvalluvar Nagar 58th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 58th 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 jumped significantly to Rs 1,800 per sq.ft in 2007, reflecting a 44% increase. By 2012, the value was Rs 7,500 per sq.ft, representing a substantial 317% increase from the previous revision. However, it decreased to Rs 5,025 per sq.ft in 2017, a drop of 33%.

Continuing into recent years, the value increased to Rs 7,500 per sq.ft in 2023, which was a 49% rise from 2017. The latest revision in 2024 set the guideline value at Rs 8,250 per sq.ft, a 10% increase from the previous year. There are no figures available for the years between these revisions 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 for Thiruvalluvar Nagar 58th Cross Street is below this median.

• Thiruvalluvar Nagar 57th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 59th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 56th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 55th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 54th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 58th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value would be Rs 82,50,000. The stamp duty at 7% would amount to Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000. Together, these fees would total Rs 7,42,500. 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 accurate calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 58th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 58th 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 crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives its due revenue from property transactions, which is based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 58th Cross Street?

The current guideline value of Thiruvalluvar Nagar 58th Cross Street is Rs 8,250 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 8,250 per sq.ft in 2024, showing an overall increase of 632% over the years.

What is the land classification for Thiruvalluvar Nagar 58th Cross Street?

The land classification for Thiruvalluvar Nagar 58th Cross Street is Residential Class II Type - I.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft for the year 2024.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 58th Cross Street?

The Sub Registrar Office for Thiruvalluvar Nagar 58th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.