Guideline Value for THIRUVALLUVAR NAGAR 62ND CROSS STREET

Thiruvalluvar Nagar 62nd Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 62nd Cross Street is Rs 8,250 per sq.ft. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 62nd Cross Street has changed

The guideline value for Thiruvalluvar Nagar 62nd Cross Street has undergone several revisions 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 increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a 44% increase. In 2012, the value was Rs 7,500 per sq.ft, which was a substantial increase of 317% from the previous revision. However, in 2017, the guideline value dropped to Rs 5,025 per sq.ft, showing a decrease of 33%. The value then increased to Rs 7,500 per sq.ft in 2023, followed by a rise to 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 the revisions in years not listed 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. The median value for these streets is Rs 9,900 per sq.ft, indicating that the guideline value for Thiruvalluvar Nagar 62nd Cross Street is below this median.

• Thiruvalluvar Nagar 61st Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 63rd Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 60th 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 62nd 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, leading to a total of 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 62nd Cross Street?

The Thiruvalluvar Nagar 62nd 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is properly recorded and taxed according to the prevailing rates.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 62nd Cross Street?

The current guideline value for Thiruvalluvar Nagar 62nd 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 seen several revisions, increasing from Rs 1,127 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, representing an overall increase of 632% over this period.

What is the land classification for Thiruvalluvar Nagar 62nd Cross Street?

Thiruvalluvar Nagar 62nd Cross Street is classified as Residential Class II Type - I.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 7,42,500.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Thiruvalluvar Nagar 62nd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can also find your SRO online.