Guideline Value for THIRUVALLUVAR NAGAR 65TH CROSS STREET

Thiruvalluvar Nagar 65th Cross Street guideline value

The current guideline value for Thiruvalluvar Nagar 65th 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 65th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 65th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 7,500 per sq.ft. This value 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, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 8,250 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the guideline values from 2012 to 2024, there has been a total increase of 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 the 2024 figure for Thiruvalluvar Nagar 65th Cross Street is below this median.

• Thiruvalluvar Nagar 64th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 63rd Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 62nd Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 6th Cross Street: Rs 7,150 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)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 65th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 8,250 per sq.ft, the 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, totaling Rs 7,42,500. It is important to note that 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 65th Cross Street?

The Sub Registrar Office covering Thiruvalluvar Nagar 65th 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 a base for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value according to the local government standards.

When a property is registered, the guideline value helps determine the official price for taxation purposes. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, making the process transparent and regulated.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 65th Cross Street?

The current guideline value of Thiruvalluvar Nagar 65th 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 2012 to Rs 5,025 per sq.ft in 2017, then increased to Rs 7,500 per sq.ft in 2023, and finally to Rs 8,250 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar 65th Cross Street?

The land classification for Thiruvalluvar Nagar 65th Cross Street is Residential Class II Type - I.

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 65th Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thiruvalluvar Nagar 65th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.