Guideline Value for Kamatchi 12th Cross Street

Kamatchi 12th Cross Street guideline value

The current guideline value of Kamatchi 12th 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, classified as Residential Class I Type - II.

How the guideline value of Kamatchi 12th Cross Street has changed

The guideline value for Kamatchi 12th Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017, representing a 33% drop.

As of the 2024 revision, the guideline value stands at Rs 2,200 per sq.ft, reflecting a 64% increase from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2023, 2003, and 2002 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, with a median of Rs 2,400 per sq.ft. The guideline value for Kamatchi 12th Cross Street is below this median.

• Kamatchi 11th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 13th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 10th 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 12th 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, making the total charges Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatchi 12th Cross Street?

The Sub Registrar Office that covers Kamatchi 12th Cross Street is 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 during property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the guideline value is used to assess the stamp duty and registration fees. These fees are calculated based on the guideline value or the actual sale price, whichever is higher, ensuring that the transaction is officially recorded at a value recognized by the government.

Frequently asked questions

What is the current guideline value of Kamatchi 12th Cross Street?

The current guideline value of Kamatchi 12th 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, representing a total increase of 450% over the years.

What is the land classification for Kamatchi 12th Cross Street?

Kamatchi 12th Cross Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kamatchi 12th Cross Street?

The Sub Registrar Office for Kamatchi 12th Cross Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kamatchi 12th 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 guideline value of Rs 2,200 per sq.ft, the stamp duty would be Rs 1,54,000.