Guideline Value for THIRUVALLUVAR NAGAR 63RD CROSS STREET

Thiruvalluvar Nagar 63rd Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 63rd 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 63rd Cross Street has changed

The guideline value for Thiruvalluvar Nagar 63rd Cross Street has seen several revisions over the years. The most recent revision, effective from July 2024, sets the value at Rs 8,250 per sq.ft, up from Rs 7,500 per sq.ft in 2023, marking a 10% increase. Prior to that, the 2017 revision had the value at Rs 5,025 per sq.ft, which means there was a significant increase of 49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 7,500 per sq.ft, but this was a decrease of 33% from the 2017 figure.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with 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 63rd Cross Street is below this median.

• Thiruvalluvar Nagar 62nd Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 64th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 61st Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 65th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 60th 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 63rd 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, bringing the total costs together to Rs 7,42,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 63rd Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 63rd 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 here.

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

The guideline value plays a critical role when buying or selling property in Thiruvanmiyur. It serves as a reference point for determining the minimum value of the property for registration purposes. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 63rd Cross Street?

The current guideline value of Thiruvalluvar Nagar 63rd 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 7,500 per sq.ft in 2023 to Rs 8,250 per sq.ft in 2024. It was Rs 5,025 per sq.ft in 2017 and Rs 7,500 per sq.ft in 2012.

What is the land classification for Thiruvalluvar Nagar 63rd Cross Street?

The land classification for Thiruvalluvar Nagar 63rd Cross Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Thiruvalluvar Nagar 63rd 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.

How is stamp duty calculated for properties in Thiruvalluvar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 82,50,000, the stamp duty at 7% would be Rs 5,77,500.