Guideline Value for Thriuvalluvar Ist Cross Street

Thriuvalluvar Ist Cross Street guideline value

The current guideline value of Thriuvalluvar Ist 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 Ist Cross Street has changed

The guideline value for Thriuvalluvar Ist Cross Street has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has set the value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions reflect significant growth, particularly from 2017 to 2023, where the value rose by 49%.

Guideline values in Anakaputhur

Anakaputhur has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as per the 2024 revision. The median guideline value in this village is Rs 1,980 per sq.ft, indicating that Thriuvalluvar Ist Cross Street's current value is below this median.

• Thriuvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar IIIrd 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 Ist 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 at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thriuvalluvar Ist Cross Street?

The Thriuvalluvar Ist Cross Street falls under the jurisdiction of 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Anakaputhur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuations set by the Registration Department.

When a property transaction occurs, the guideline value helps to determine the minimum price at which the property can be registered. This ensures transparency and fairness in property dealings, as it reflects the official valuation of the property based on its location and classification.

Frequently asked questions

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

The current guideline value of Thriuvalluvar Ist 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 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Thriuvalluvar Ist Cross Street?

Thriuvalluvar Ist Cross Street is classified as Residential Class II Type - II, indicating its designation for residential use.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 92,400.