Guideline Value for Kamatchi 2nd Cross Street

Kamatchi 2nd Cross Street guideline value

The current guideline value of Kamatchi 2nd 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 2nd Cross Street has changed

The guideline value for Kamatchi 2nd Cross Street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 400%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a decline 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 2017 figure.

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. The median guideline value in this area is Rs 2,400 per sq.ft, which means that the 2024 figure for Kamatchi 2nd Cross Street is below this median.

• Kamatchi 1st Main Road: Rs 2,200 per sq.ft (2024)
• Kamatchi 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 15th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 14th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 4th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi 2nd 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, leading to a combined total of 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 2nd Cross Street?

The Sub Registrar Office that covers Kamatchi 2nd 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 is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is set by the government and can vary from street to street.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to understand that the higher of the guideline value or the sale price will be used to calculate the stamp duty.

Frequently asked questions

What is the current guideline value of Kamatchi 2nd Cross Street?

The current guideline value of Kamatchi 2nd 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 land classification for Kamatchi 2nd Cross Street?

Kamatchi 2nd Cross Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kamatchi 2nd Cross Street?

The Ambattur Sub Registrar Office covers Kamatchi 2nd Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 22,00,000, the stamp duty would be calculated accordingly.