Guideline Value for Fisherman Colony 4th Cross Street

Fisherman Colony 4th Cross Street guideline value

The current guideline value of Fisherman Colony 4th Cross Street is Rs 550 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 V Type - I.

How the guideline value of Fisherman Colony 4th Cross Street has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure then decreased to Rs 335 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 935 per sq.ft, positioning Fisherman Colony 4th Cross Street below this median.

• Fisherman Colony 1st Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 2nd Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 3rd Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 4th Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 5th Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 6th Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony Road: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Fisherman Colony 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Fisherman Colony 4th Cross Street?

The Fisherman Colony 4th 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Mamallapuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal and financial requirements during the registration process.

Frequently asked questions

What is the current guideline value of Fisherman Colony 4th Cross Street?

The current guideline value of Fisherman Colony 4th Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Mamallapuram?

The median guideline value for streets in Mamallapuram is Rs 935 per sq.ft, with Fisherman Colony 4th Cross Street's value being below this median.

What are the stamp duty and registration fees for properties in Fisherman Colony 4th Cross Street?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500.

Which office handles property registrations for Fisherman Colony 4th Cross Street?

The Thirukazhukundram Sub Registrar Office handles property registrations for Fisherman Colony 4th Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.