Guideline Value for 6th Cross Street

6th Cross Street guideline value

The current guideline value of 6th 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 6th Cross Street has changed

The guideline value for 6th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and then rose again to Rs 825 per sq.ft in 2024, marking a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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, with a median value of Rs 935 per sq.ft. The guideline value of 6th Cross Street is below this median.

• 5th 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 6th 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 cost for these 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 6th Cross Street?

The 6th 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 plays a crucial role in property transactions in Mamallapuram. It is used to determine the stamp duty and registration fees that buyers must pay at the time of registration. This ensures that the transaction is documented at a value that is recognized by the government.

When selling a property, the guideline value can also serve as a reference point for buyers and sellers to agree on a sale price. It is important to be aware of the current guideline value to ensure compliance with local regulations during the buying or selling process.

Frequently asked questions

What is the current guideline value of 6th Cross Street?

The current guideline value of 6th 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 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 for streets in Mamallapuram is Rs 935 per sq.ft, while the 6th Cross Street's value is below this median.

What are the stamp duty and registration fees for 6th Cross Street?

The stamp duty for a property valued at Rs 8,25,000 is Rs 57,750, and the registration fee is Rs 16,500, totaling Rs 74,250 for a 1,000 sq.ft plot.

Which office registers properties for 6th Cross Street?

The Thirukazhukundram Sub Registrar Office registers properties for 6th Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.