Guideline Value for Kamatchi 14th Cross Street

Kamatchi 14th Cross Street guideline value

The current guideline value of Kamatchi 14th 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 it falls under the Residential Class I Type - II land classification.

How the guideline value of Kamatchi 14th Cross Street has changed

The guideline value for Kamatchi 14th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 400 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, in the following revision in 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is an increase of 64% from the previous figure in 2017.

It is important to note that there are no recorded figures for Kamatchi 14th Cross Street in the revisions for the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal village, 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, placing the 2024 figure for Kamatchi 14th Cross Street below this median.

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

Stamp duty and registration fee for property in Kamatchi 14th 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Please note that the stamp duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamatchi 14th Cross Street?

The Sub Registrar Office that covers Kamatchi 14th 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 when registering a property in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs associated with the property transfer.

When a property is sold, the guideline value is used to assess the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi 14th Cross Street?

The current guideline value of Kamatchi 14th 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 seen significant changes, increasing from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, an overall increase of 450%.

What is the land classification for Kamatchi 14th Cross Street?

Kamatchi 14th Cross Street is classified under Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kamatchi 14th Cross Street?

The Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.