Guideline Value for THIRUVALLUVAR STRETE 2ND CROSS ST

Thiruvalluvar Strete 2nd Cross St guideline value

The current guideline value for Thiruvalluvar Strete 2nd Cross St 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 Strete 2nd Cross St has changed

The guideline value for Thiruvalluvar Strete 2nd Cross St has seen revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 1,500 per sq.ft. From 2012 to 2024, there has been an increase of 10%, bringing the current rate to Rs 1,650 per sq.ft.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. The 2024 revision reflects the current guideline value, aligning with the median value of Rs 1,650 per sq.ft for the streets in Pallikaranai.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the current guideline value for Thiruvalluvar Strete 2nd Cross St. Below are other streets in Pallikaranai:

• Thiruvalluvar Street Vgp Shanthi Nagar: Rs 2,750 per sq.ft (2024)
• THIRUVALLUVAR STREET 1st CROSS: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Street: 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 Strete 2nd Cross St

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Strete 2nd Cross St?

The Sub Registrar Office that covers Thiruvalluvar Strete 2nd Cross St 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 Pallikaranai

The guideline value is a critical factor in property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of this value as it directly impacts the overall cost of property transactions.

When a property is bought or sold, the guideline value serves as a baseline for calculating the necessary fees. It is essential to ensure that the sale price is not lower than the guideline value, as the higher of the two will be considered for duty calculations.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Strete 2nd Cross St?

The current guideline value for Thiruvalluvar Strete 2nd Cross St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Thiruvalluvar Strete 2nd Cross St?

The land classification for Thiruvalluvar Strete 2nd Cross St is Residential Class IV Type - I.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Thiruvalluvar Strete 2nd Cross St 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 online for more information.