Guideline Value for Thiruvalluvar Nagar 18th Cross Street

Thiruvalluvar Nagar 18th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 18th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Thiruvalluvar Nagar 18th Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions with recorded figures are from 2012, 2023, and 2024.

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 2024 figure for Thiruvalluvar Nagar 18th Cross Street.

• Thiruvalluvar Nagar 17th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 19th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 16th Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 15th Main Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 15th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 18th 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 duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 18th Cross Street?

The Thiruvalluvar Nagar 18th Cross Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 18th Cross Street?

The current guideline value of Thiruvalluvar Nagar 18th 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 seen an increase from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% over this period.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles registrations for this street?

The Madhavaram Sub Registrar Office handles registrations for Thiruvalluvar Nagar 18th Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value determined for properties in Kodungaiyur?

The guideline value is determined based on various factors and is set by the Registration Department. It serves as a reference point for calculating stamp duty and registration fees during property transactions.