Guideline Value for THIRUVALLUVAR STREET 1st CROSS

THIRUVALLUVAR STREET 1st CROSS guideline value

The current guideline value of THIRUVALLUVAR STREET 1st CROSS is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai 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 STREET 1st CROSS has changed

The guideline value for THIRUVALLUVAR STREET 1st CROSS has seen changes over the years, with the 2012 revision setting it at Rs 1,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,650 per sq.ft, marking a change of +10% from the 2012 figure.

It is important to note that the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only revisions available are from 2012 and 2024.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of THIRUVALLUVAR STREET 1st CROSS.

• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Street Vgp Shanthi Nagar: Rs 2,750 per sq.ft (2024)
• Thiruvalluvar Strete 2nd Cross St: Rs 1,650 per sq.ft (2024)
• Thiruvengadam Nagar: Rs 1,320 per sq.ft (2024)
• Thiruvenkadam Street: Rs 1,320 per sq.ft (2024)
• Thiru.VI.Ka Public Servants Welfare Housing Society Layout: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in THIRUVALLUVAR STREET 1st CROSS

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please 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 on fees applicable to your property.

Which Sub Registrar Office covers THIRUVALLUVAR STREET 1st CROSS?

THIRUVALLUVAR STREET 1st CROSS 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 Pallikaranai

The guideline value plays a crucial role during the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, thus influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of THIRUVALLUVAR STREET 1st CROSS?

The current guideline value of THIRUVALLUVAR STREET 1st CROSS is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since the 2012 revision, which set the guideline value at Rs 1,500 per sq.ft, the value has increased by 10% to Rs 1,650 per sq.ft in 2024.

Are there any years with no guideline value for this street?

Yes, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for THIRUVALLUVAR STREET 1st CROSS.

What is the registration office for this street?

The registration office for THIRUVALLUVAR STREET 1st CROSS 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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 16,50,000, the total fees would include a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000.