Guideline Value for Thiruvalluvar Salai 2nd Cross Street

Thiruvalluvar Salai 2nd Cross Street guideline value

The current guideline value for Thiruvalluvar Salai 2nd Cross Street is Rs 2,700 per sq.ft. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruvalluvar Salai 2nd Cross Street has changed

The guideline value for Thiruvalluvar Salai 2nd Cross Street has seen significant changes over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, and with the latest revision in 2024, the value increased to Rs 2,700 per sq.ft, marking a change of +35% over this period. The register does not have figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

From 2012 to 2024, the guideline value rose from Rs 2,000 to Rs 2,700 per sq.ft. This increase reflects the current valuation, which aligns with the median guideline value for streets in Kodungaiyur.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Thiruvalluvar Salai 2nd Cross Street.

• Thiruvalluvar Salai 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Street: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar Main Road Joint Salai: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 9th Main Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvar Nagar 9th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Salai 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling Rs 2,43,000. 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 further calculations.

Which Sub Registrar Office covers Thiruvalluvar Salai 2nd Cross Street?

The Sub Registrar Office covering Thiruvalluvar Salai 2nd 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 is a crucial factor in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the purchase or sale of property.

When you register a property, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Salai 2nd Cross Street?

The current guideline value for Thiruvalluvar Salai 2nd Cross Street is Rs 2,700 per sq.ft as per the 2024 revision.

How much has the guideline value changed over the years?

The guideline value changed from Rs 2,000 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an increase of +35% over this period.

What is the land classification for Thiruvalluvar Salai 2nd Cross Street?

Thiruvalluvar Salai 2nd Cross Street is classified as Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office 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. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.