Guideline Value for Cpt Salai

Cpt Salai guideline value

The current guideline value of Cpt Salai is Rs 1,005 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Mixed Type - II land.

How the guideline value of Cpt Salai has changed

The guideline value for Cpt Salai has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has further raised the guideline value to Rs 1,005 per sq.ft, reflecting an increase of 49% from 2017 to 2023 and an overall increase of 50% from 2017 to 2024. The register has no figure for this street in the revisions of 2002, 2003, 2007, and 2012.

From 2023 to 2024, the guideline value increased by 1%. This upward trend in the guideline value indicates changes in the property landscape, with the current figure now above the median value of Rs 600 per sq.ft for the 149 streets in Thirukalukundrem A under the Thirukazhukundram SRO.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, the guideline values for the 149 streets range from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Cpt Salai's 2024 guideline value of Rs 1,005 per sq.ft is above this median. The following are the guideline values for other streets in Thirukalukundrem A:

• Cross Street (Vanniar): Rs 700 per sq.ft (2024)
• Chinnakuttai Street: Rs 400 per sq.ft (2024)
• Chinnakadai Street: Rs 1,100 per sq.ft (2024)
• Dharmarajakoil Street: Rs 600 per sq.ft (2024)
• Dr.Ambedkar Street: Rs 600 per sq.ft (2024)
• Busstand (Indira Nagar): Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Cpt Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,005 per sq.ft, the guideline value amounts to Rs 10,05,000. The stamp duty, charged at 7%, would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total to Rs 90,450. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cpt Salai?

The Sub Registrar Office covering Cpt Salai 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 when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated accurately based on the property’s value.

When a property transaction occurs, the guideline value is referenced to assess the minimum value for taxation purposes. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, but the duty is charged on the higher of the two, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Cpt Salai?

The current guideline value of Cpt Salai is Rs 1,005 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,005 per sq.ft in 2024, marking an overall increase of 50% during this period.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for the 149 streets in Thirukalukundrem A is Rs 600 per sq.ft, with Cpt Salai's value being above this median.

What are the stamp duty rates for properties in Cpt Salai?

The stamp duty for properties in Cpt Salai is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration in Cpt Salai?

The Thirukazhukundram Sub Registrar Office handles property registration for Cpt Salai, located at Thiruchengode - 637 211, Chengalpattu registration zone.