Guideline Value for Chinnakuttai Street

Chinnakuttai Street guideline value

The current guideline value of Chinnakuttai Street is Rs 400 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 IV Type - I.

How the guideline value of Chinnakuttai Street has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 and 2024 revisions, where it was Rs 400 per sq.ft, reflecting a 49% increase from 2017 to 2023 and 2017 to 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Chinnakuttai Street.

The guideline value has not changed from 2023 to 2024, remaining at Rs 400 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

Thirukalukundrem A has a total of 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, making Chinnakuttai Street's 2024 figure below the median.

• Chinnakadai Street: Rs 1,100 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 Chinnakuttai Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that 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 Chinnakuttai Street?

The Sub Registrar Office that covers Chinnakuttai Street 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 plays a crucial role in the registration process of property transactions in Thirukalukundrem A. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the current market conditions. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Chinnakuttai Street?

The current guideline value of Chinnakuttai Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Chinnakuttai Street?

Chinnakuttai Street is classified as Residential Class IV Type - I, which indicates its intended use for residential purposes.

Which Sub Registrar Office handles registrations for Chinnakuttai Street?

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

How is the stamp duty calculated for properties in Chinnakuttai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.