Guideline Value for Thiruvalluvar Ist Cross Street

Thiruvalluvar Ist Cross Street guideline value

The current guideline value of Thiruvalluvar Ist Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Thiruvalluvar Ist Cross Street has changed

The guideline value for Thiruvalluvar Ist Cross Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 shows a further increase to Rs 1,320 per sq.ft, marking a change of +10% from 2023 to 2024 and a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, indicating that the guideline value for Thiruvalluvar Ist Cross Street is below this median.

• Thiruvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thiruvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thiruvallur Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai Extn.,: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai 2nd Street: Rs 1,760 per sq.ft (2024)
• Thiruvalluar Pettai 1st Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Ist Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Ist Cross Street?

The Thiruvalluvar Ist Cross Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It is the basis on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Ist Cross Street?

The current guideline value of Thiruvalluvar Ist Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of +64% over this period.

What is the land classification for Thiruvalluvar Ist Cross Street?

Thiruvalluvar Ist Cross Street is classified as Residential Class II Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Thiruvalluvar Ist Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%.