Guideline Value for Kamatchi 13th Cross Street

Kamatchi 13th Cross Street guideline value

The current guideline value of Kamatchi 13th 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 13th Cross Street has changed

The guideline value for Kamatchi 13th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 400 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, there was a decrease to Rs 1,340 per sq.ft in 2017, a drop of 33% from the previous revision.

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 the 2007 revision to the 2024 revision, there has been a substantial increase of 450% in the guideline value.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,400 per sq.ft, positioning Kamatchi 13th Cross Street's 2024 figure below this median.

• Kamatchi 12th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 14th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 11th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 15th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 10th 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 13th 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 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi 13th Cross Street?

The Sub Registrar Office that covers Kamatchi 13th 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is considered to ensure that the appropriate taxes are collected. This value is essential for both buyers and sellers to understand, as it affects the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kamatchi 13th Cross Street?

The current guideline value of Kamatchi 13th 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 significantly from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 450%.

What is the land classification for Kamatchi 13th Cross Street?

Kamatchi 13th Cross Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, leading to a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Kamatchi 13th Cross Street?

The Ambattur Sub Registrar Office handles registrations for Kamatchi 13th Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.