Guideline Value for 5th Cross Street

5th Cross Street guideline value

The current guideline value of 5th Cross Street in Mamallapuram village, under the Thirukazhukundram SRO, is Rs 825 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - III land classification.

How the guideline value of 5th Cross Street has changed

The guideline value for 5th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in the 2017 revision, marking a decrease of 33%. The 2023 revision increased the value to Rs 750 per sq.ft, followed by a further increase to Rs 825 per sq.ft in the 2024 revision, reflecting a change of 10% from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 guideline value in the area is Rs 935 per sq.ft, placing the 5th Cross Street's value below this median.

• 6th Cross Street: Rs 825 per sq.ft (2024)
• 7th Cross Street: Rs 825 per sq.ft (2024)
• 4th Cross Street: Rs 825 per sq.ft (2024)
• 3rd Cross Street: Rs 935 per sq.ft (2024)
• 2nd Cross Street: Rs 935 per sq.ft (2024)
• 1st Cross Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, while the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 5th Cross Street?

The Sub Registrar Office that covers 5th 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 is a crucial factor during the registration of property in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the legal valuation of the property. It is essential to refer to the latest guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of 5th Cross Street?

The current guideline value of 5th 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 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the median guideline value in Mamallapuram?

The median guideline value in Mamallapuram is Rs 935 per sq.ft, while the 5th Cross Street's value is below this median.

What are the stamp duty and registration fees for a property on 5th Cross Street?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which Sub Registrar Office covers 5th Cross Street?

The Thirukazhukundram Sub Registrar Office covers 5th Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.