Guideline Value for Thiruvalluvar Nagar,1st Cross Street

Thiruvalluvar Nagar,1st Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar,1st Cross Street is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thiruvalluvar Nagar,1st Cross Street has changed

The guideline value for Thiruvalluvar Nagar,1st Cross Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,475 per sq.ft, which is an increase from Rs 2,250 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision had the value at Rs 1,507 per sq.ft, indicating 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. The historical data shows a consistent upward trend in the guideline value over the years, reflecting the changes in the real estate landscape.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Thiruvalluvar Nagar,1st Cross Street's 2024 figure above this median.

• Thiruvalluvar Nagar, 2nd Cross Street: Rs 2,475 per sq.ft (2024)
• Thiruvalluvar Nagar, 3rd Cross Street: Rs 2,475 per sq.ft (2024)
• Thiruvalluvar Nagar, 4th Cross Street: Rs 2,475 per sq.ft (2024)
• Thiruvalluvar 2nd Street, Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluar Street / Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Street, Annai Sathya Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar,1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500. Therefore, the total cost for stamp duty and registration fee would be Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar,1st Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar,1st Cross Street is 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 Pammal

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar,1st Cross Street?

The current guideline value of Thiruvalluvar Nagar,1st Cross Street is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,507 per sq.ft in 2017 to Rs 2,475 per sq.ft in 2024, marking a total increase of +64% over these years.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft, which means Thiruvalluvar Nagar,1st Cross Street's 2024 figure is above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Thiruvalluvar Nagar,1st Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.