Guideline Value for SCULPTURE Collage 1st Street

SCULPTURE Collage 1st Street guideline value

The current guideline value of SCULPTURE Collage 1st Street is Rs 1,330 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village under the Thirukazhukundram SRO, classified as Commercial Class I Type - III.

How the guideline value of SCULPTURE Collage 1st Street has changed

The guideline value for SCULPTURE Collage 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 804 per sq.ft. In 2023, the value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,330 per sq.ft, marking an 11% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. SCULPTURE Collage 1st Street's 2024 guideline value is above this median.

• Sivagami Nagar & Cross Street: Rs 550 per sq.ft (2024)
• Sothmada Cross Street: Rs 1,320 per sq.ft (2024)
• South Mada Veedhi: Rs 1,215 per sq.ft (2024)
• Rajeev gandhi Street: Rs 825 per sq.ft (2024)
• P.W.D Road: Rs 935 per sq.ft (2024)
• Poonchreri Mettu Colony 2nd Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in SCULPTURE Collage 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,330 per sq.ft, the guideline value totals Rs 13,30,000. The stamp duty at 7% amounts to Rs 93,100, and the registration fee at 2% is Rs 26,600, bringing the total to Rs 1,19,700. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SCULPTURE Collage 1st Street?

SCULPTURE Collage 1st Street falls under the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mamallapuram

The guideline value is a crucial factor when registering property transactions in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, the guideline value helps in assessing the legitimate market price of the property. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of SCULPTURE Collage 1st Street?

The current guideline value of SCULPTURE Collage 1st Street is Rs 1,330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,330 per sq.ft in 2024.

What are the stamp duty and registration fees for property in SCULPTURE Collage 1st Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,30,000, the total fees amount to Rs 1,19,700.

Which Sub Registrar Office covers SCULPTURE Collage 1st Street?

The Thirukazhukundram Sub Registrar Office covers SCULPTURE Collage 1st Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification for SCULPTURE Collage 1st Street?

SCULPTURE Collage 1st Street is classified as Commercial Class I Type - III.