Guideline Value for Big Street D.M.Pet

Big Street D.M.Pet guideline value

The current guideline value of Big Street D.M.Pet is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Big Street D.M.Pet has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft in the 2023 revision and continued at the same rate in the 2024 revision, indicating a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2023 to the 2024 revision, there was no change in the guideline value, remaining at Rs 700 per sq.ft. This consistency in the recent revisions reflects stability in the guideline value for Big Street D.M.Pet.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Big Street D.M.Pet is above this median.

• Big Street Kanakoilpettai: Rs 900 per sq.ft (2024)
• Big Street: Rs 700 per sq.ft (2024)
• Big Street Thirukkalukundram: Rs 1,000 per sq.ft (2024)
• Busstand (Indira Nagar): Rs 700 per sq.ft (2024)
• Chinnakadai Street: Rs 1,100 per sq.ft (2024)
• Chinnakuttai Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Big Street D.M.Pet

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 Big Street D.M.Pet?

The Sub Registrar Office that covers Big Street D.M.Pet is 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 Thirukalukundrem A

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirukalukundrem A, the guideline value impacts the stamp duty and registration fees that must be paid during the registration process.

Buyers and sellers should be aware that the guideline value may differ from the market price of the property. However, the registration fees and stamp duty are calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Big Street D.M.Pet?

The current guideline value of Big Street D.M.Pet is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and remained unchanged at Rs 700 per sq.ft in 2024, reflecting a 49% increase from 2017 to 2023.

What is the land classification of Big Street D.M.Pet?

Big Street D.M.Pet is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property on Big Street D.M.Pet?

For a 1,000 sq.ft property at the guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles the registration for properties in Big Street D.M.Pet?

The registration for properties in Big Street D.M.Pet is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.