Guideline Value for Fisherman Colony 6th Cross Street

Fisherman Colony 6th Cross Street guideline value

The current guideline value of Fisherman Colony 6th 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 6th Cross Street has changed

The guideline value for Fisherman Colony 6th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 500 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 335 per sq.ft. However, in 2023, the value rose significantly to Rs 500 per sq.ft, and as of the latest revision in 2024, it has increased further to Rs 550 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value has been an increase of 10%. The changes from 2017 to 2023 saw a notable rise of 49%, while the period from 2012 to 2017 included a decrease of 33%. The revisions for the years 2002, 2003, and 2007 do not have any recorded figures for this street.

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 among these streets is Rs 935 per sq.ft, which means that the guideline value for Fisherman Colony 6th Cross Street is below the median.

• Fisherman Colony 5th Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony Road: Rs 1,210 per sq.ft (2024)
• Fisherman Colony 4th Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony 3rd Cross Street: Rs 550 per sq.ft (2024)
• Fisherman Colony Sunami Nagar: Rs 935 per sq.ft (2024)
• Fisherman Colony 2nd Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Fisherman Colony 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the 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 6th Cross Street?

The Fisherman Colony 6th Cross Street falls under the jurisdiction of 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 in the registration process when buying or selling property in Mamallapuram. It is used to calculate the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value serves as a benchmark to determine the minimum value for which the property can be registered. This helps in maintaining transparency and accountability in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Fisherman Colony 6th Cross Street?

The current guideline value of Fisherman Colony 6th 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 land classification for Fisherman Colony 6th Cross Street?

Fisherman Colony 6th Cross Street is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for this area?

The Thirukazhukundram Sub Registrar Office covers Fisherman Colony 6th Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Fisherman Colony 6th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 49,500.