Guideline Value for Church Cross Street

Church Cross Street guideline value

The current guideline value of Church Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Church Cross Street has changed

The guideline value for Church Cross Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The 2023 revision marked a rise to Rs 1,000 per sq.ft, and the current value is Rs 1,100 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was a substantial increase of 150%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 is an increase of 10%. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, making the current value of Church Cross Street below this median.

• Church Street: Rs 1,100 per sq.ft (2024)
• Devi Nagar: Rs 1,100 per sq.ft (2024)
• Captone City: Rs 990 per sq.ft (2024)
• Britania Nagar: Rs 880 per sq.ft (2024)
• Dharma Nagar: Rs 990 per sq.ft (2024)
• Dharma Nagar 1st street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Church Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Church Cross Street?

The Sub Registrar Office that covers Church Cross Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayappakkam. It determines the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these costs are based on the guideline value or the sale price, whichever is higher, to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Church Cross Street?

The current guideline value of Church Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various increases and a decrease in between. Notably, there are no figures for the years 2002 and 2003.

What are the other streets in Ayappakkam with their guideline values?

Other streets in Ayappakkam include Church Street and Devi Nagar, both at Rs 1,100 per sq.ft, alongside Captone City at Rs 990 per sq.ft, and Britania Nagar at Rs 880 per sq.ft, among others.

What is the stamp duty for property in Church Cross Street?

The stamp duty for property in Church Cross Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 77,000.

Which office handles the registration for Church Cross Street?

The Ambattur Sub Registrar Office handles the registration for Church Cross Street. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.