Guideline Value for Tamil Nadu Housing Board 2nd Cross Street

Tamil Nadu Housing Board 2nd Cross Street guideline value

The current guideline value for Tamil Nadu Housing Board 2nd Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Tamil Nadu Housing Board 2nd Cross Street has changed

The guideline value for Tamil Nadu Housing Board 2nd Cross Street has undergone several revisions over the years. The register shows that in 2002, the value was Rs 632 per sq.ft, which increased to Rs 681 per sq.ft in 2003. Subsequently, there was a significant rise to Rs 3,000 per sq.ft in 2007, followed by an increase to Rs 4,500 per sq.ft in 2012. However, this figure decreased to Rs 3,015 per sq.ft in 2017. The value saw a substantial increase to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 5,000 per sq.ft.

From 2023 to 2024, the guideline value increased by 11%. The change from 2017 to 2023 was a notable 49% rise. The revision from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was 50%. From 2003 to 2007, the value surged by 341%, and there was an 8% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 691%. There are no figures available for the revisions in years that are not listed in the register.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, indicating that Tamil Nadu Housing Board 2nd Cross Street's 2024 figure is below that median.

• Tamil Nadu Housing Board 1st Main Road: Rs 5,000 per sq.ft (2024)
• Tamil Nadu Housing Board 2nd Main Road: Rs 5,000 per sq.ft (2024)
• Tamil Nadu Housing Board 1st Cross Street: Rs 5,000 per sq.ft (2024)
• Tamil Nadu Housing Board 3rd Cross Street: Rs 5,000 per sq.ft (2024)
• Tamil Nadu Housing Board 3rd Main Road: Rs 5,000 per sq.ft (2024)
• Tamil Nadu Housing Board 4th Cross Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Tamil Nadu Housing Board 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, while the registration fee at 2% would be Rs 1,00,000. Together, the total cost for stamp duty and registration fee would be Rs 4,50,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tamil Nadu Housing Board 2nd Cross Street?

The Tamil Nadu Housing Board 2nd Cross Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kottur

When buying or selling property in Kottur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The value is set by the government and is used as a benchmark for property transactions, ensuring that the appropriate fees are collected based on the property's worth.

At the time of registration, the guideline value is compared to the sale price of the property. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Tamil Nadu Housing Board 2nd Cross Street?

The current guideline value for Tamil Nadu Housing Board 2nd Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 632 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 691% over this period.

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

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000, and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles registrations for Tamil Nadu Housing Board 2nd Cross Street?

The Adayar Sub Registrar Office handles registrations for Tamil Nadu Housing Board 2nd Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value for streets in Kottur?

The median guideline value for streets in Kottur is Rs 6,100 per sq.ft, with Tamil Nadu Housing Board 2nd Cross Street's value being below this median.