Guideline Value for 2nd Cross Street

2nd Cross Street guideline value

The current guideline value of 2nd Cross Street in Mamallapuram village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Thirukazhukundram SRO and is classified as Residential Class IV Type - I.

How the guideline value of 2nd Cross Street has changed

The guideline value for 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value experienced a significant increase to Rs 850 per sq.ft in the 2023 revision, and further rose to Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%. It is noteworthy that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value is Rs 935 per sq.ft, which is also the current guideline value for 2nd Cross Street.

• 3rd Cross Street: Rs 935 per sq.ft (2024)
• 1st Cross Street: Rs 935 per sq.ft (2024)
• 4th Cross Street: Rs 825 per sq.ft (2024)
• 5th Cross Street: Rs 825 per sq.ft (2024)
• 6th Cross Street: Rs 825 per sq.ft (2024)
• 7th Cross Street: Rs 825 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 2nd Cross Street?

The Sub Registrar Office that covers 2nd Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mamallapuram. It is utilized to determine the stamp duty and registration fees that buyers need to pay, ensuring that the transaction is legally recognized.

When buying or selling property, it is essential to consider the guideline value as it reflects the official valuation set by the Registration Department. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of 2nd Cross Street?

The current guideline value of 2nd Cross Street is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 935 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the land classification for 2nd Cross Street?

2nd Cross Street is classified as Residential Class IV Type - I under the current guidelines.

Where can I find the Sub Registrar Office for 2nd Cross Street?

The Sub Registrar Office for 2nd Cross Street is located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mamallapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 at 7%.