Guideline Value for Kammalar Street

Kammalar Street guideline value

The current guideline value of Kammalar Street is Rs 1,005 per sq.ft. 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 Kammalar Street has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The current revision from 2023 to 2024 reflects a slight increase of 1%, bringing the guideline value to Rs 1,005 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 50%. This consistent rise in the guideline value indicates a notable change in the perception of property value in Kammalar Street over the years.

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 Kammalar Street's 2024 figure above this median.

• Kalvai Street: Rs 600 per sq.ft (2024)
• Karunkuzhi Salai: Rs 400 per sq.ft (2024)
• Kadai Street Bazaar Veethi: Rs 1,250 per sq.ft (2024)
• Kavalar Kudieruppu: Rs 400 per sq.ft (2024)
• Kavarai Street: Rs 1,200 per sq.ft (2024)
• Jokkiyar Natham: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kammalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, while the registration fee at 2% would be Rs 20,100, resulting in a total of Rs 90,450. 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 Kammalar Street?

The Sub Registrar Office that covers Kammalar 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 plays a crucial role during the registration process when buying or selling property in Thirukalukundrem A. It serves as a reference for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the government. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kammalar Street?

The current guideline value of Kammalar Street is Rs 1,005 per sq.ft as per the 2024 revision effective from 1 July 2024.

How 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 a total increase of 50% over this period.

What is the land classification of Kammalar Street?

Kammalar Street is classified as Mixed Type - II land, which indicates its suitability for various types of development.

Where can I find the registration office for Kammalar Street?

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,05,000 would incur a stamp duty of Rs 70,350.