Guideline Value for THIRUVALLUVAR NAGAR 6TH MAIN ROAD

Thiruvalluvar Nagar 6th Main Road guideline value

The current guideline value of Thiruvalluvar Nagar 6th Main Road is Rs 7,150 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 IV Type - I.

How the guideline value of Thiruvalluvar Nagar 6th Main Road has changed

The guideline value for Thiruvalluvar Nagar 6th Main Road has seen 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, marking an increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, reflecting a growth of 44%. Following this, the 2012 revision recorded the value at Rs 6,500 per sq.ft, which was a substantial increase of 261% from the previous figure. However, the value dropped to Rs 4,355 per sq.ft in 2017, showing a decrease of 33%.

In 2023, the guideline value was revised to Rs 6,500 per sq.ft, and then it increased by 10% to reach the current value of Rs 7,150 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 534%. There are no figures available for any revisions prior to 2002 or after 2024 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 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 6th Main Road is below this median.

• Thiruvalluvar Nagar 6th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 65th Cross Street: Rs 8,250 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Cross Street: Rs 7,150 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 6th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total charges to Rs 6,43,500. 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 6th Main Road?

The Sub Registrar Office that covers Thiruvalluvar Nagar 6th Main Road 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 plays a crucial role in property transactions in Thiruvanmiyur. It is the value set by the government for the purpose of registration and is used to calculate stamp duty and registration fees. Buyers and sellers should be aware that this value is used as a reference point during the sale process.

When a property is sold, the guideline value is considered alongside the sale price to determine the applicable duties. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 6th Main Road?

The current guideline value of Thiruvalluvar Nagar 6th Main Road is Rs 7,150 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 7,150 per sq.ft in 2024, reflecting an overall increase of 534% over the years.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, which indicates that the guideline value for Thiruvalluvar Nagar 6th Main Road is below this median.

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

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Where is the Sub Registrar Office for Thiruvalluvar Nagar 6th Main Road located?

The Sub Registrar Office for Thiruvalluvar Nagar 6th Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.