Guideline Value for Kamatchi 8th Cross Street

Kamatchi 8th Cross Street guideline value

The current guideline value of Kamatchi 8th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kamatchi 8th Cross Street has changed

The guideline value for Kamatchi 8th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 400%. The value remained unchanged at Rs 2,000 per sq.ft through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%, showcasing a significant change over the years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values 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, positioning Kamatchi 8th Cross Street's 2024 figure below that median.

• Kamatchi 7th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 9th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 6th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 5th 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 8th 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 would be calculated at 7%, amounting to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamatchi 8th Cross Street?

The Sub Registrar Office that covers Kamatchi 8th Cross Street is the Ambattur Sub Registrar Office. The office is 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 during the registration of property transactions in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi 8th Cross Street?

The current guideline value of Kamatchi 8th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much 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, reflecting a total increase of 450% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which office handles registrations for Kamatchi 8th Cross Street?

The Ambattur Sub Registrar Office handles registrations for Kamatchi 8th Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

Where can I find more information about guideline values in Thirumullaivoyal?

More information about guideline values in Thirumullaivoyal can be found in the Registration Department's guideline value register (TNReginet) or by visiting the relevant links for each street.