Guideline Value for Thiruvalluvar Nagar 17th Cross Street

Thiruvalluvar Nagar 17th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 17th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Thiruvalluvar Nagar 17th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 17th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

In summary, the guideline value has increased by 8% from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value for Thiruvalluvar Nagar 17th Cross Street.

• Thiruvalluvar Nagar 16th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 18th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 15th Main Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 19th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 15th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 17th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar 17th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 17th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 17th Cross Street?

The current guideline value of Thiruvalluvar Nagar 17th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification for Thiruvalluvar Nagar 17th Cross Street?

Thiruvalluvar Nagar 17th Cross Street falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Thiruvalluvar Nagar 17th Cross Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a 1,000 sq.ft plot at the current guideline value would be Rs 1,89,000.