Guideline Value for Cross Back Street

Cross Back Street guideline value

The current guideline value of Cross Back Street is Rs 1,650 per sq.ft. This street is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class I Type - I.

How the guideline value of Cross Back Street has changed

Looking at the historical revisions, the guideline value for Cross Back Street has seen several changes over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained the same until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then rose again to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ist Division

In the Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median value among these streets is Rs 880 per sq.ft, placing Cross Back Street's 2024 value above this median.

• Cross Street: Rs 1,650 per sq.ft (2024)
• Chetty Street: Rs 2,200 per sq.ft (2024)
• Chengalpet Road: Rs 1,430 per sq.ft (2024)
• Cheety Street @ C.V.Rajagopal Street: Rs 2,200 per sq.ft (2024)
• Chakkarathazhvar Nagar: Rs 880 per sq.ft (2024)
• Birunthavanam Street @ Palla Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Cross Back Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cross Back Street?

The Sub Registrar Office that covers Cross Back Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, in the Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions within Ist Division. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and that the government receives the appropriate taxes.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are essential components of the property transaction process. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Cross Back Street?

The current guideline value of Cross Back Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Cross Back Street?

The Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, covers Cross Back Street.

What is the land classification of Cross Back Street?

Cross Back Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.