Guideline Value for Big Street Thirukkalukundram

Big Street Thirukkalukundram guideline value

The current guideline value of Big Street Thirukkalukundram is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Thirukkalukundram A village and falls under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Big Street Thirukkalukundram has changed

The guideline value for Big Street Thirukkalukundram has seen several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 1,000 per sq.ft, marking a 49% increase from the 2017 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the only available figures for comparison are from 2017, 2023, and the current 2024 revision, which shows an overall increase of 49% from 2017 to 2024.

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. The median guideline value for these streets is Rs 600 per sq.ft, placing Big Street Thirukkalukundram's 2024 value above this median.

• Big Street Kanakoilpettai: Rs 900 per sq.ft (2024)
• Big Street D.M.Pet: Rs 700 per sq.ft (2024)
• Big Street: Rs 700 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 Thirukkalukundram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees together to Rs 90,000. It is important to note that the 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Big Street Thirukkalukundram?

The Sub Registrar Office that covers Big Street Thirukkalukundram 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 in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the fees, which are based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the authorities.

Frequently asked questions

What is the current guideline value of Big Street Thirukkalukundram?

The current guideline value of Big Street Thirukkalukundram is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024, representing a 49% increase. The value remained the same at Rs 1,000 per sq.ft in the 2023 revision.

What are the other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A include Big Street Kanakoilpettai, Big Street D.M.Pet, Big Street, Busstand (Indira Nagar), Chinnakadai Street, and Chinnakuttai Street, with varying guideline values.

How is stamp duty calculated for property in Big Street Thirukkalukundram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000.

Where can I find the Sub Registrar Office for Big Street Thirukkalukundram?

The Sub Registrar Office for Big Street Thirukkalukundram is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.