Guideline Value for 1ST CROSS STREET

1st Cross Street guideline value

The current guideline value of 1st Cross Street in Kilkaranai village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of 1st Cross Street has changed

The guideline value for 1st Cross Street has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and finally rose to Rs 1,100 per sq.ft in the 2024 revision.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a 10% increase.

Guideline values in Kilkaranai

In Kilkaranai, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 1,870 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of 1st Cross Street.

• 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Vivekantha Nagar: Rs 1,100 per sq.ft (2024)
• Thirukatchur Flats: Rs 1,320 per sq.ft (2024)
• School Street: Rs 1,100 per sq.ft (2024)
• Muthumariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Mettu Street: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers 1st Cross Street?

The Sub Registrar Office that covers 1st Cross Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kilkaranai

The guideline value plays a crucial role in the registration of property transactions in Kilkaranai. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is taken into consideration to ensure that the appropriate taxes are levied. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

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

The current guideline value of 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for 1st Cross Street?

1st Cross Street is classified as Residential Special Type - II under the guideline value register.

What are the stamp duty and registration fees for property in 1st Cross Street?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000 based on the current guideline value.

Where can I find the Sub Registrar Office for 1st Cross Street?

The Chengleput Joint II Sub Registrar Office covers 1st Cross Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.