Guideline Value for Thriuvalluvar IIIrd Cross Street

Thriuvalluvar IIIrd Cross Street guideline value

The current guideline value of Thriuvalluvar IIIrd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thriuvalluvar IIIrd Cross Street has changed

The guideline value for Thriuvalluvar IIIrd Cross Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which set the value at Rs 804 per sq.ft. In the following revisions, the value increased significantly, reaching Rs 1,200 per sq.ft in 2023, and then rising to Rs 1,320 per sq.ft in the latest 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value from Rs 804 to Rs 1,200. Overall, from 2017 to 2024, the guideline value has risen by 64%, reflecting the changes in property valuation over this period. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Thriuvalluvar IIIrd Cross Street's 2024 figure of Rs 1,320 is below this median.

• Thriuvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar Ist Cross Street: Rs 1,320 per sq.ft (2024)
• Thomaiyar Street: Rs 1,760 per sq.ft (2024)
• Tholar Stalin Nagar: Rs 2,350 per sq.ft (2024)
• Thyagaraya Mudali Street: Rs 1,760 per sq.ft (2024)
• TNEB Colony: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thriuvalluvar IIIrd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thriuvalluvar IIIrd Cross Street?

The Sub Registrar Office that covers Thriuvalluvar IIIrd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Anakaputhur, as it is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to calculate the associated costs accurately.

When a property is bought or sold, the guideline value serves as a baseline for calculating the taxes owed. It is essential for both parties to understand this value to avoid any discrepancies during the registration at the Pammal SRO.

Frequently asked questions

What is the current guideline value of Thriuvalluvar IIIrd Cross Street?

The current guideline value of Thriuvalluvar IIIrd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 in 2023, and then to Rs 1,320 in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification for Thriuvalluvar IIIrd Cross Street?

Thriuvalluvar IIIrd Cross Street is classified as Residential Class II Type - II. This classification is important for determining the uses and regulations applicable to the property.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Thriuvalluvar IIIrd Cross Street?

The stamp duty for properties in Thriuvalluvar IIIrd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.