Guideline Value for Kamatchi 7th Cross Street

Kamatchi 7th Cross Street guideline value

The current guideline value of Kamatchi 7th 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 7th Cross Street has changed

The guideline value for Kamatchi 7th Cross Street has seen several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a change of +400%. The most recent revision in 2024 has raised the value to Rs 2,200 per sq.ft, reflecting a +10% increase from the 2012 figure.

It is important to note that the register has no figures for the years 2002, 2003, 2017, and 2023 for this street. Overall, the guideline value has increased by +450% from 2007 to 2024.

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 value for these streets is Rs 2,400 per sq.ft, making the guideline value of Kamatchi 7th Cross Street below the median.

• Kamatchi 6th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 8th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 5th 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 7th 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatchi 7th Cross Street?

The Sub Registrar Office that covers Kamatchi 7th 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 plays a crucial role in property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the legal requirements.

When a property is sold, the guideline value is assessed to calculate the applicable fees. It is essential to note that the fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi 7th Cross Street?

The current guideline value of Kamatchi 7th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a total increase of +450% over the years.

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

Several other streets in Thirumullaivoyal share the same guideline value of Rs 2,200 per sq.ft for 2024, including Kamatchi 6th, 8th, 5th, 9th, 4th, and 3rd Cross Streets.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Kamatchi 7th Cross Street?

The registration for Kamatchi 7th 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.