Guideline Value for Cross Street

Cross Street guideline value

The current guideline value of Cross Street in Ist Division village, under the Kanchipuram Joint IV SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Cross Street has changed

The guideline value for Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it rose by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value for Cross Street. The register has no figures for the years 2002, 2003, and 2007.

Guideline values in Ist Division

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

• Cross Back 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making a total of Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cross Street?

The Sub Registrar Office that covers Cross Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Cross Street?

The current guideline value of Cross 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Cross Street?

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

What other streets have guideline values in Ist Division?

Other streets in Ist Division include Cross Back Street, Chetty Street, Chengalpet Road, Cheety Street @ C.V.Rajagopal Street, Chakkarathazhvar Nagar, and Birunthavanam Street @ Palla Street, each with their respective guideline values.

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

The Sub Registrar Office for Cross Street is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.