Guideline Value for CROSS ST

Cross St guideline value

The current guideline value of Cross St in Mukthapudupattu village is Rs 804 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Cross St has changed

The guideline value for Cross St has undergone several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value saw a substantial increase to Rs 600 per sq.ft in 2023, and it further rose to Rs 804 per sq.ft in 2024, marking a 34% increase from the previous year. The register has no figure for this street in 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 101%. The most significant change occurred between 2017 and 2023, with a 124% increase in value. The changes highlight the fluctuations in the guideline value over the years, reflecting the evolving real estate landscape in the area.

Guideline values in Mukthapudupattu

Mukthapudupattu has 37 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 804 per sq.ft. The median value for these streets is Rs 802 per sq.ft, positioning Cross St above this median.

• Defance Colony: Rs 802 per sq.ft (2024)
• Defance Enclave: Rs 802 per sq.ft (2024)
• Earikarai St: Rs 800 per sq.ft (2024)
• Elayathamman Koil St: Rs 802 per sq.ft (2024)
• Ellaiyamman Nagar: Rs 802 per sq.ft (2024)
• Bharathi Nagar (Lay Out): Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total fees to Rs 72,360. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Cross St?

The Sub Registrar Office covering Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mukthapudupattu

The guideline value is a crucial factor during the registration of property transactions in Mukthapudupattu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that transactions are recorded at a fair value as per the state's regulations.

When buying or selling property, the guideline value helps establish a standard for pricing, which is particularly important for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Cross St?

The current guideline value of Cross St in Mukthapudupattu village is Rs 804 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 400 per sq.ft to Rs 804 per sq.ft in 2024, reflecting an overall increase of 101% over this period.

What are the other streets in Mukthapudupattu?

Other streets in Mukthapudupattu include Defance Colony, Defance Enclave, Earikarai St, Elayathamman Koil St, Ellaiyamman Nagar, and Bharathi Nagar (Lay Out), with varying guideline values.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. The total fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Cross St?

The Sub Registrar Office covering Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.