Guideline Value for E.C.R. 1st Cross Street

E.C.R. 1st Cross Street guideline value

The current guideline value of E.C.R. 1st Cross Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village and falls under the Thirukazhukundram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of E.C.R. 1st Cross Street has changed

The guideline value for E.C.R. 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was a decrease of 33% from the Rs 569 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 1,100 per sq.ft, marking a significant rise of 93% from the previous figure. The most recent revision in 2024 has further increased the guideline value to Rs 1,210 per sq.ft, representing a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 42%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a guideline value in 2024, ranging from Rs 550 to Rs 1,650 per sq.ft. The median guideline value in this area is Rs 935 per sq.ft, placing E.C.R. 1st Cross Street above that median.

• E.C.R. 2nd Cross Street: Rs 1,210 per sq.ft (2024)
• E.C.R Salai: Rs 1,330 per sq.ft (2024)
• East Raja Veedhi East side, West side: Rs 1,650 per sq.ft (2024)
• Fisherman Colony: Rs 825 per sq.ft (2024)
• Fisherman Colony 1st Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 2nd Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in E.C.R. 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty, charged at 7%, would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. 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 E.C.R. 1st Cross Street?

The E.C.R. 1st Cross Street is covered by 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 plays a crucial role in the registration process of property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these costs can significantly impact the overall expense of the transaction.

Frequently asked questions

What is the current guideline value of E.C.R. 1st Cross Street?

The current guideline value of E.C.R. 1st Cross Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 850 per sq.ft in 2012 to Rs 1,210 per sq.ft in 2024, with significant changes occurring in 2023 and 2024.

What is the land classification for E.C.R. 1st Cross Street?

The land classification for E.C.R. 1st Cross Street is Residential Class III Type - I.

Which Sub Registrar Office covers this area?

The Thirukazhukundram Sub Registrar Office covers E.C.R. 1st Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 at 7%.