Guideline Value for THIRUVALLUVAR NAGAR 7TH MAIN ROAD

Thiruvalluvar Nagar 7th Main Road guideline value

The current guideline value of Thiruvalluvar Nagar 7th Main Road is Rs 7,150 per sq.ft as per the 2024 revision, 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 7th Main Road has changed

The guideline value for Thiruvalluvar Nagar 7th Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,127 per sq.ft. This increased to Rs 1,247 per sq.ft in 2003, marking a change of +11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, which was a +44% increase. By 2012, the value reached Rs 6,500 per sq.ft, reflecting a substantial increase of +261%. However, in 2017, it decreased to Rs 4,355 per sq.ft, a drop of -33%. The 2023 revision saw the value rise to Rs 6,500 per sq.ft, which was a +49% increase. Finally, the current 2024 revision sets the guideline value at Rs 7,150 per sq.ft, marking a +10% increase from the previous year.

There are no figures available for any other revisions for this street. Overall, from the 2002 revision to the current 2024 revision, the guideline value has increased by +534%.

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, placing the 2024 figure for Thiruvalluvar Nagar 7th Main Road below that median.

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

Stamp duty and registration fee for property in Thiruvalluvar Nagar 7th 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 cost for these fees 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 7th Main Road?

The Sub Registrar Office that covers Thiruvalluvar Nagar 7th 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 is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 7th Main Road?

The current guideline value of Thiruvalluvar Nagar 7th Main Road is Rs 7,150 per sq.ft as per the 2024 revision.

How much 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, marking an overall increase of +534%.

What are the stamp duty and registration fees for a property in Thiruvalluvar Nagar 7th Main Road?

For a 1,000 sq.ft plot, the total guideline value is 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.

Which Sub Registrar Office covers Thiruvalluvar Nagar 7th Main Road?

The Chennai South Joint I Sub Registrar Office covers Thiruvalluvar Nagar 7th Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value determined for properties in Thiruvanmiyur?

The guideline value is determined by the Registration Department and is revised periodically. It serves as a reference point for calculating stamp duty and registration fees during property transactions.