Guideline Value for THIRUVALLUVAR NAGAR 64TH CROSS STREET

Thiruvalluvar Nagar 64th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 64th 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 64th Cross Street has changed

In the 2012 revision, the guideline value was Rs 7,500 per sq.ft. This figure then decreased to Rs 5,025 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 7,500 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 8,250 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

Thiruvanmiyur has a total of 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 in this area is Rs 9,900 per sq.ft, indicating that Thiruvalluvar Nagar 64th Cross Street's 2024 figure is below the median.

• Thiruvalluvar Nagar 63rd Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 65th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 62nd Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 61st 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 64th 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 combined 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 64th Cross Street?

The Thiruvalluvar Nagar 64th 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 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 the transaction is documented accurately.

This value influences the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 64th Cross Street?

The current guideline value of Thiruvalluvar Nagar 64th 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 various changes, with the most recent being an increase from Rs 7,500 per sq.ft in 2023 to Rs 8,250 per sq.ft in 2024. Overall, it has increased by 10% from 2012 to 2024.

What is the land classification for Thiruvalluvar Nagar 64th Cross Street?

The land classification for Thiruvalluvar Nagar 64th Cross Street is Residential Class II Type - I.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a property valued at Rs 82,50,000 would incur a stamp duty of Rs 5,77,500 and a registration fee of Rs 1,65,000.

Which office handles registrations for Thiruvalluvar Nagar 64th Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thiruvalluvar Nagar 64th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.