Guideline Value for Thiruvalluvar Cross Street

Thiruvalluvar Cross Street guideline value

The current guideline value of Thiruvalluvar Cross Street is Rs 1,500 per sq.ft as per the 2023 revision. This street is located in Kilambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Thiruvalluvar Cross Street has changed

Over the years, the guideline value of Thiruvalluvar Cross Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2012 revision, marking a 50% rise. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 shows a significant increase to Rs 1,500 per sq.ft, which is a 49% rise from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 50%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific guideline values available for other streets in Kilambakkam under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Thiruvalluvar Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiruvalluvar Cross Street?

The Thiruvalluvar Cross Street falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilambakkam. It is utilized to determine the stamp duty and registration fees applicable on the property transaction, ensuring compliance with local regulations.

When a property is sold, the guideline value is assessed to calculate the appropriate fees. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Cross Street?

The current guideline value of Thiruvalluvar Cross Street is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023. This reflects various fluctuations over the years.

What are the stamp duty and registration fees for properties in Thiruvalluvar Cross Street?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles the registration for Thiruvalluvar Cross Street?

The Gooduvancheri Sub Registrar Office is responsible for the registration of properties on Thiruvalluvar Cross Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

Are there other streets in Kilambakkam with guideline values?

Currently, there are no specific guideline values available for other streets in Kilambakkam under the Gooduvancheri SRO.