Guideline Value for 3rd Cross Street

3rd Cross Street guideline value

The current guideline value of 3rd 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 3rd Cross Street has changed

The guideline value for 3rd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 935 per sq.ft, an increase from Rs 850 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 502 per sq.ft, showing a significant increase of +69% to the 2023 figure. The 2012 revision recorded a value of Rs 750 per sq.ft, which was a decrease of -33% compared to the 2017 figure. There are no figures available for the revisions in 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by +25%. The 2024 figure of Rs 935 per sq.ft is equal to the median value of Rs 935 per sq.ft for the 133 streets in Mamallapuram under the Thirukazhukundram SRO.

Guideline values in Mamallapuram

In Mamallapuram, the guideline values range from Rs 550 to Rs 1,650 per sq.ft, with the median being Rs 935 per sq.ft. The 3rd Cross Street's value aligns with this median.

• 1st Cross Street: Rs 935 per sq.ft (2024)
• 2nd 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 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be 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, bringing the total to Rs 84,150. 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 details.

Which Sub Registrar Office covers 3rd Cross Street?

The 3rd Cross Street is covered by 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 is a crucial factor in the registration process when buying or selling property in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of 3rd Cross Street?

The current guideline value of 3rd 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 increased from Rs 750 per sq.ft in 2012 to Rs 935 per sq.ft in 2024, reflecting an overall increase of +25% over this period.

What are the stamp duty and registration fees for properties in 3rd Cross Street?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which Sub Registrar Office covers 3rd Cross Street?

The Thirukazhukundram Sub Registrar Office covers 3rd Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification for 3rd Cross Street?

3rd Cross Street is classified as Residential Class IV Type - I under the guideline value register.