Guideline Value for Thiruvalluar NagarAnna Cross Street

Thiruvalluar NagarAnna Cross Street guideline value

The current guideline value of Thiruvalluar NagarAnna Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thiruvalluar NagarAnna Cross Street has changed

The guideline value for Thiruvalluar NagarAnna Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, it dropped to Rs 3,015 per sq.ft in 2017. The guideline value then rose significantly to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%. The most notable change occurred from 2007 to 2012, where there was a substantial increase of 350%. Overall, from 2007 to 2024, the guideline value has increased by 390%.

Guideline values in Ayanavaram

Ayanavaram consists of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which is equal to the current value of Thiruvalluar NagarAnna Cross Street.

• Thiruvalluar NagarAnna Street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarKamaraj street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar Nagar Solai Amman koil street: Rs 4,900 per sq.ft (2024)
• Thirupacheeswaran street: Rs 4,900 per sq.ft (2024)
• Thirumalai Raja Street: Rs 4,900 per sq.ft (2024)
• Thirumalai Raja Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluar NagarAnna Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, resulting in a total of Rs 4,41,000. 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 detailed calculations.

Which Sub Registrar Office covers Thiruvalluar NagarAnna Cross Street?

The Sub Registrar Office that covers Thiruvalluar NagarAnna Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ayanavaram. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. The guideline value ensures that the transaction is recorded accurately in the public registry.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Thiruvalluar NagarAnna Cross Street?

The current guideline value of Thiruvalluar NagarAnna Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 390% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current value of Thiruvalluar NagarAnna Cross Street.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Thiruvalluar NagarAnna Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the link provided to find your SRO.