Guideline Value for Thiruveethiamman Cross Street

Thiruveethiamman Cross Street guideline value

The current guideline value of Thiruveethiamman Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thiruveethiamman Cross Street has changed

The guideline value of Thiruveethiamman Cross Street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 1,264 per sq.ft, which then decreased to Rs 128 per sq.ft in 2003. Following this, the value increased significantly to Rs 400 per sq.ft in 2007, and further rose to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017 before reaching Rs 1,500 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft.

In terms of percentage changes, from 2002 to 2003, there was a decrease of 90%. The value then increased by 213% from 2003 to 2007, followed by a rise of 275% from 2007 to 2012. The value decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 was 10%. Overall, from 2002 to 2024, the guideline value has increased by 31%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, making Thiruveethiamman Cross Street's 2024 figure above that median.

• Thiruveethiamman Koil Street: Rs 1,650 per sq.ft (2024)
• Thiruvalluvar Pradhana Salai: Rs 1,650 per sq.ft (2024)
• Thiru.Vi.Ka. 1st Street: Rs 1,650 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 1,650 per sq.ft (2024)
• Thiyagi Chinnaswamy Street: Rs 1,650 per sq.ft (2024)
• Thiyagi Sankaralinganar Nadar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruveethiamman Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruveethiamman Cross Street?

The Thiruveethiamman Cross Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential metric used during the registration of property transactions in Puzhal. When buying or selling property, the guideline value determines the minimum value on which stamp duty and registration fees are calculated.

It is crucial for both buyers and sellers to understand that the guideline value serves as a reference point during the registration process. This value ensures that the property is registered at a fair value, which is necessary for legal and financial documentation.

Frequently asked questions

What is the current guideline value of Thiruveethiamman Cross Street?

The current guideline value of Thiruveethiamman Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 1,264 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Thiruveethiamman Cross Street?

The registration office for Thiruveethiamman Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a property valued at Rs 16,50,000, the total fees would be Rs 1,48,500.

Where can I find more information about stamp duty and registration fees?

For detailed calculations regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.