Guideline Value for Kamatchi 6th Cross Street

Kamatchi 6th Cross Street guideline value

The current guideline value of Kamatchi 6th 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 6th Cross Street has changed

The guideline value for Kamatchi 6th 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. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2017, and 2023 for Kamatchi 6th Cross 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 for these streets is Rs 2,400 per sq.ft, placing Kamatchi 6th Cross Street's 2024 value below this median.

• Kamatchi 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 7th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 8th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 9th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi 6th 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, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees together 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi 6th Cross Street?

The Kamatchi 6th 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 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 of property transactions in Thirumullaivoyal. It is the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property in the area.

When a property is registered, the guideline value is used to determine the applicable fees, ensuring that both buyers and sellers adhere to the legal requirements set by the registration department.

Frequently asked questions

What is the current guideline value of Kamatchi 6th Cross Street?

The current guideline value of Kamatchi 6th 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 increased from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking a total increase of 450% over the years.

What is the land classification for Kamatchi 6th Cross Street?

Kamatchi 6th Cross Street is classified as Residential Class I Type - II.

Where can I find information about the registration office?

The registration office covering Kamatchi 6th 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 the stamp duty calculated for property transactions?

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