Guideline Value for THIRUVALLUVAR NAGAR 9TH CROSS STREET

Thiruvalluvar Nagar 9th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 9th Cross Street 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 9th Cross Street has changed

The guideline value has undergone 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 11% increase. The value saw a significant rise to Rs 1,800 per sq.ft in 2007, reflecting a 44% increase. Following this, the value surged to Rs 6,500 per sq.ft in 2012, a remarkable 261% increase. However, it dropped to Rs 4,355 per sq.ft in 2017, which was a decrease of 33%. The guideline value then rose to Rs 6,500 per sq.ft in 2023, and finally reached Rs 7,150 per sq.ft in 2024, representing a 10% increase from the previous year. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are a total of 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 guideline value in this area is Rs 9,900 per sq.ft, placing Thiruvalluvar Nagar 9th Cross Street below this median.

• Thiruvalluvar Nagar 8th Main Road: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 8th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Main Road: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 6th Main Road: Rs 7,150 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 9th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, totaling Rs 6,43,500. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 9th Cross Street?

The Thiruvalluvar Nagar 9th 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 plays a crucial role in property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is set by the government and is meant to reflect the market conditions and property values in the area.

When you register a property, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 9th Cross Street?

The current guideline value of Thiruvalluvar Nagar 9th Cross Street 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 increased 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 this period.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft, which means that the guideline value of Thiruvalluvar Nagar 9th Cross Street is below this median.

What are the stamp duty and registration fees for a property in Thiruvalluvar Nagar 9th Cross Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 6,43,500.

Which office handles the registration for Thiruvalluvar Nagar 9th Cross Street?

The registration for Thiruvalluvar Nagar 9th Cross Street is handled 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.