Guideline Value for 4th Cross Street

4th Cross Street guideline value

The current guideline value of 4th Cross Street in Mamallapuram village is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the Thirukazhukundram SRO and is classified as Residential Class I Type - III.

How the guideline value of 4th Cross Street has changed

Over the years, the guideline value of 4th Cross Street has seen several revisions. The earliest recorded value is from 2012, where it was set at Rs 750 per sq.ft. In 2017, the value decreased to Rs 502 per sq.ft, marking a reduction of 33%. However, by 2023, the value increased significantly to Rs 750 per sq.ft, and in the latest revision for 2024, it has risen to Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for 4th Cross Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a guideline value for 2024 ranging from Rs 550 to Rs 1,650 per sq.ft. The median value is Rs 935 per sq.ft, which means that the 2024 figure for 4th Cross Street is below this median.

• 1st Cross Street: Rs 935 per sq.ft (2024)
• 2nd Cross Street: Rs 935 per sq.ft (2024)
• 3rd Cross Street: Rs 935 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 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total charges to Rs 74,250. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 4th Cross Street?

The Sub Registrar Office that covers 4th 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

When buying or selling property in Mamallapuram, the guideline value plays a crucial role in determining the stamp duty and registration fees. It is essential to know the guideline value as it is used as a basis for calculating these fees during the registration process.

Additionally, the guideline value is updated periodically, reflecting changes in the real estate market. Buyers and sellers should always check the latest guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of 4th Cross Street?

The current guideline value of 4th Cross Street is Rs 825 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 825 per sq.ft in 2024, with notable fluctuations in between, including a drop to Rs 502 per sq.ft in 2017.

What is the land classification for 4th Cross Street?

4th Cross Street is classified as Residential Class I Type - III, which indicates its intended use for residential purposes.

How much would the stamp duty and registration fees be for a property on 4th Cross Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 74,250, which includes Rs 57,750 for stamp duty and Rs 16,500 for registration.

Which office handles registrations for 4th Cross Street?

The Thirukazhukundram Sub Registrar Office handles registrations for 4th Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.