Guideline Value for Big Street

Big Street guideline value

The current guideline value of Big Street in Thirukalukundrem A village, under the Thirukazhukundram SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Big Street has changed

The guideline value for Big Street has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a guideline value of Rs 700 per sq.ft. The latest 2024 revision maintains this value at Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total 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, leading to a total of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Big Street?

The Sub Registrar Office that covers Big Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thirukalukundrem A. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during registration.

Frequently asked questions

What is the current guideline value of Big Street?

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

How has the guideline value changed over the years?

The guideline value for Big Street was Rs 469 per sq.ft in 2017 and has increased to Rs 700 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase overall from 2017 to 2024.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for streets in Thirukalukundrem A is Rs 600 per sq.ft, with Big Street's 2024 value of Rs 700 per sq.ft being above this median.

What are the stamp duty and registration fees for property in Big Street?

For a 1,000 sq.ft plot 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 registrations for Big Street?

The Thirukazhukundram Sub Registrar Office handles registrations for Big Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.