Guideline Value for Kamatchi 15th Cross Street

Kamatchi 15th Cross Street guideline value

The current guideline value of Kamatchi 15th 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 15th Cross Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The most recent revision in 2024 saw the value rise to Rs 2,200 per sq.ft, representing a 64% increase from 2017.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

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 value of Rs 2,400 per sq.ft. The guideline value of Kamatchi 15th Cross Street is below this median.

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

Stamp duty and registration fee for property in Kamatchi 15th 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, making the total fees together 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 15th Cross Street?

The Kamatchi 15th 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 plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that must be paid at the time of registration, ensuring that the transaction is recorded accurately in the public registry.

When buying or selling property, it is essential to be aware of the current guideline value as it influences the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Kamatchi 15th Cross Street?

The current guideline value of Kamatchi 15th 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, marking an overall increase of 450% over these years.

What are the other streets with the same guideline value in Thirumullaivoyal?

Several other streets in Thirumullaivoyal also have a guideline value of Rs 2,200 per sq.ft in 2024, including Kamatchi 14th Cross Street, Kamatchi 1st Cross Street, and Kamatchi 13th Cross Street.

What fees are applicable when registering property in Kamatchi 15th Cross Street?

When registering property in Kamatchi 15th Cross Street, the applicable fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles the registration for Kamatchi 15th Cross Street?

The registration for Kamatchi 15th Cross Street is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.