Guideline Value for Karunkuzhi Salai

Karunkuzhi Salai guideline value

The current guideline value of Karunkuzhi Salai is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class IV Type - I.

How the guideline value of Karunkuzhi Salai has changed

The guideline value for Karunkuzhi Salai has undergone several revisions over the years. The most recent revisions indicate that the value was Rs 400 per sq.ft in both 2023 and 2024. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%, maintaining the same value of Rs 400 per sq.ft from 2023 to 2024, resulting in a total increase of 49% from 2017 to 2024.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for this area is Rs 600 per sq.ft, placing Karunkuzhi Salai's 2024 figure below that median.

• Kavalar Kudieruppu: Rs 400 per sq.ft (2024)
• Kavarai Street: Rs 1,200 per sq.ft (2024)
• Kollaimettu Street: Rs 600 per sq.ft (2024)
• Kammalar Street: Rs 1,005 per sq.ft (2024)
• Kulam East Street: Rs 400 per sq.ft (2024)
• Kulam Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Karunkuzhi Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total 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, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Karunkuzhi Salai?

The Sub Registrar Office that covers Karunkuzhi 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 is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property transaction occurs, the guideline value helps ensure that the fees are calculated fairly and transparently, based on the established rates for the area.

Frequently asked questions

What is the current guideline value of Karunkuzhi Salai?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the classification of land in Karunkuzhi Salai?

Karunkuzhi Salai is classified as Residential Class IV Type - I under the guideline value register.

What are the stamp duty and registration fees for property in Karunkuzhi Salai?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000 in fees.

Which office handles registrations for Karunkuzhi Salai?

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