Guideline Value for THIRUVALLUVAR NAGAR 60TH CROSS STREET

Thiruvalluvar Nagar 60th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 60th 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 60th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 60th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,127 per sq.ft. This 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 value surged to Rs 7,500 per sq.ft in 2012, which was a substantial increase of 317%. However, it dropped to Rs 5,025 per sq.ft in 2017, indicating a decrease of 33%. The value then increased to Rs 7,500 per sq.ft in 2023, before reaching the current value of Rs 8,250 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 632%. There are no figures available for any other revisions for this street.

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, and the 2024 figure for Thiruvalluvar Nagar 60th Cross Street is below this median.

• Thiruvalluvar Nagar 61st Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 62nd Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 63rd Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 64th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 65th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 5th Main Road: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 60th Cross Street

For a 1,000 sq.ft plot at the current guideline value, 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, bringing the total to 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 60th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 60th 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 when registering property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of real estate in the area.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees, ensuring that all transactions are in accordance with the legal framework. Buyers and sellers should be aware of these values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 60th Cross Street?

The current guideline value of Thiruvalluvar Nagar 60th 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 significantly from Rs 1,127 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, marking an overall increase of 632% over the years.

What are the registration fees for properties in Thiruvalluvar Nagar 60th Cross Street?

The registration fees are calculated based on the guideline value, which is Rs 8,250 per sq.ft for this street. For a 1,000 sq.ft property, the total registration fee would be Rs 1,65,000.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 60th Cross Street?

The Sub Registrar Office for Thiruvalluvar Nagar 60th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, while the guideline value for Thiruvalluvar Nagar 60th Cross Street is below this median at Rs 8,250 per sq.ft.