Guideline Value for Chinnakadai Street

Chinnakadai Street guideline value

The current guideline value of Chinnakadai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Commercial Class I Type - III.

How the guideline value of Chinnakadai Street has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This figure remained unchanged at Rs 1,100 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 overall from 2017 to 2024.

It is important to note that there are no figures available for Chinnakadai Street in the revisions from 2002, 2003, 2007, and 2012. The consistent rate of Rs 1,100 per sq.ft from 2023 to 2024 reflects stability in the guideline value 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, with a median value of Rs 600 per sq.ft. Chinnakadai Street's guideline value is above this median.

• Chinnakuttai Street: Rs 400 per sq.ft (2024)
• Cpt Salai: Rs 1,005 per sq.ft (2024)
• Cross Street (Vanniar): Rs 700 per sq.ft (2024)
• Busstand (Indira Nagar): Rs 700 per sq.ft (2024)
• Big Street Thirukkalukundram: Rs 1,000 per sq.ft (2024)
• Big Street Kanakoilpettai: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Chinnakadai Street?

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

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 minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations based on these values.

Frequently asked questions

What is the current guideline value of Chinnakadai Street?

The current guideline value of Chinnakadai Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 737 per sq.ft to Rs 1,100 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Chinnakadai Street?

Chinnakadai Street is classified as Commercial Class I Type - III under the guideline value register.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnakadai Street?

The Thirukazhukundram Sub Registrar Office covers Chinnakadai Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.