Guideline Value for E.C.R. 2nd Cross Street

E.C.R. 2nd Cross Street guideline value

The current guideline value of E.C.R. 2nd Cross Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class III Type - I.

How the guideline value of E.C.R. 2nd Cross Street has changed

The guideline value for E.C.R. 2nd Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in 2017. However, from 2017 to 2023, the value saw a significant increase to Rs 1,100 per sq.ft, marking a rise of 93%. In the latest revision for 2024, the guideline value increased to Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for E.C.R. 2nd Cross Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 42%, demonstrating a notable change in the valuation of this street over the years.

Guideline values in Mamallapuram

Mamallapuram village has a total of 133 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 550 to Rs 1,650 per sq.ft as per the 2024 revision. The median value among these streets is Rs 935 per sq.ft, positioning E.C.R. 2nd Cross Street above this median.

• E.C.R. 1st 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. 2nd 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, calculated at 7%, amounts to Rs 84,700, while the registration fee, at 2%, is Rs 24,200. Together, the total charges would be Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers E.C.R. 2nd Cross Street?

The Sub Registrar Office that covers E.C.R. 2nd Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mamallapuram. It serves as a benchmark for determining the minimum value at which the property can be registered. This value is essential for calculating the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a buyer or seller engages in a property transaction, the guideline value is referenced to ensure compliance with local regulations. This helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from stamp duties and registration fees.

Frequently asked questions

What is the current guideline value for E.C.R. 2nd Cross Street?

The current guideline value for E.C.R. 2nd 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 changed significantly from Rs 850 per sq.ft in 2012 to Rs 1,210 per sq.ft in 2024, with notable increases in 2023 and 2024.

What is the land classification for E.C.R. 2nd Cross Street?

E.C.R. 2nd Cross Street is classified as Residential Class III Type - I.

Which Sub Registrar Office handles property transactions for this street?

The Thirukazhukundram Sub Registrar Office handles property transactions for E.C.R. 2nd Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in E.C.R. 2nd Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 84,700 based on the current guideline value.