Guideline Value for 7th Cross Street

7th Cross Street guideline value

The current guideline value of 7th Cross Street, located 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 7th Cross Street has changed

The guideline value for 7th 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 the 2017 revision. Following this, the value increased significantly to Rs 750 per sq.ft in the 2023 revision, and further rose to Rs 825 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that 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 carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing the 2024 guideline value of 7th Cross Street below this median.

• 6th Cross Street: Rs 825 per sq.ft (2024)
• 5th 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 7th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. It is important to note that 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 7th Cross Street?

The 7th Cross Street falls under the jurisdiction of 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 critical factor during the registration of property transactions in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of purchase or sale.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of 7th Cross Street?

The current guideline value of 7th 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 increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the median guideline value for streets in Mamallapuram?

The median guideline value for streets in Mamallapuram is Rs 935 per sq.ft, while the 2024 value for 7th Cross Street is below this median.

What are the stamp duty and registration fees for properties in 7th Cross Street?

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total stamp duty and registration fees would amount to Rs 74,250.

Which office handles property registrations for 7th Cross Street?

The Thirukazhukundram Sub Registrar Office handles property registrations for 7th Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.