Guideline Value for Kamatchi 10th Cross Street

Kamatchi 10th Cross Street guideline value

The current guideline value of Kamatchi 10th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class I Type - II.

How the guideline value of Kamatchi 10th Cross Street has changed

The guideline value for Kamatchi 10th Cross Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, it then decreased to Rs 1,340 per sq.ft in the 2017 revision, before rising to Rs 2,000 per sq.ft again in the 2023 revision. The latest revision in 2024 saw another increase to Rs 2,200 per sq.ft.

Overall, the guideline value has increased by 450% from the 2007 revision to the 2024 revision. The change from 2023 to 2024 was 10%, while the increase from 2017 to 2023 was 49%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that the guideline value of Kamatchi 10th Cross Street is below this median.

• Kamatchi 11th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 12th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 13th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 14th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 15th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 1st Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamatchi 10th Cross Street?

The Kamatchi 10th Cross Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers should be aware of the guideline value to ensure they are prepared for the associated costs.

When a property is sold, the guideline value serves as a reference point for the transaction. It helps in establishing a fair valuation for the property, ensuring that both buyers and sellers have a clear understanding of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Kamatchi 10th Cross Street?

The current guideline value of Kamatchi 10th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the median guideline value in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, which is above the current guideline value of Kamatchi 10th Cross Street.

What are the stamp duty rates applicable?

The stamp duty rate for property transactions in Kamatchi 10th Cross Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamatchi 10th Cross Street?

The Ambattur Sub Registrar Office covers Kamatchi 10th Cross Street and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.