Guideline Value for THIRUVALLUVAR NAGAR 61ST CROSS STREET

Thiruvalluvar Nagar 61st Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 61st 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 61st Cross Street has changed

The guideline value for Thiruvalluvar Nagar 61st Cross Street has undergone 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. Following this, the value saw a significant rise to Rs 1,800 per sq.ft in 2007, and then to Rs 7,500 per sq.ft in 2012. However, it decreased to Rs 5,025 per sq.ft in 2017, before increasing again to Rs 7,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 8,250 per sq.ft.

Between the revisions, the guideline value experienced notable changes. From 2002 to 2024, the overall increase was +632%. The value rose by +11% from 2002 to 2003, followed by a +44% increase from 2003 to 2007. The value then surged by +317% from 2007 to 2012. A decline of -33% occurred from 2012 to 2017, and the value increased by +49% from 2017 to 2023. The latest revision from 2023 to 2024 saw an increase of +10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, 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, making the 2024 figure for Thiruvalluvar Nagar 61st Cross Street below that median.

• Thiruvalluvar Nagar 60th 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 6th Cross Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 61st 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 amounts to Rs 82,50,000. The stamp duty at 7% would be 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 61st Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 61st 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 buying or selling property in Thiruvanmiyur. It serves as the basis for calculating the stamp duty and registration fees that are required during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value helps determine the financial obligations associated with the transaction. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the sale process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 61st Cross Street?

The current guideline value of Thiruvalluvar Nagar 61st 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, reflecting an overall increase of +632% over the years.

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

For a property valued at Rs 82,50,000, the stamp duty would be Rs 5,77,500, and the registration fee would be Rs 1,65,000, totaling Rs 7,42,500.

Which office handles registrations for Thiruvalluvar Nagar 61st Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thiruvalluvar Nagar 61st Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the range of guideline values in Thiruvanmiyur?

The guideline values in Thiruvanmiyur range from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft.