Guideline Value for Sothmada Cross Street

Sothmada Cross Street guideline value

The current guideline value of Sothmada Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sothmada Cross Street has changed

The guideline value for Sothmada Cross Street has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure then decreased to Rs 804 per sq.ft in 2017, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Sothmada Cross Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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. The median value for these streets is Rs 935 per sq.ft, placing Sothmada Cross Street's 2024 value above this median.

• South Mada Veedhi: Rs 1,215 per sq.ft (2024)
• Sivagami Nagar & Cross Street: Rs 550 per sq.ft (2024)
• SCULPTURE Collage 1st Street: Rs 1,330 per sq.ft (2024)
• Thalaiyari Poigai Salai: Rs 825 per sq.ft (2024)
• Thayagam Street: Rs 825 per sq.ft (2024)
• Thillaiyadiammai Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Sothmada Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sothmada Cross Street?

The Sothmada Cross Street is covered by 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 an essential factor when registering property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sothmada Cross Street?

The current guideline value of Sothmada Cross Street is Rs 1,320 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 1,320 per sq.ft in 2024.

What are the other guideline values in Mamallapuram?

In Mamallapuram, the guideline values range from Rs 550 to Rs 1,650 per sq.ft, with the median being Rs 935 per sq.ft. Sothmada Cross Street's value is above this median.

What fees are associated with purchasing property in Sothmada Cross Street?

The fees associated with purchasing property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sothmada Cross Street?

The Sub Registrar Office covering Sothmada Cross Street is the Thirukazhukundram SRO, located at Thiruchengode - 637 211, Chengalpattu registration zone.