Guideline Value for Karunkuzhiamman Koil Street

Karunkuzhiamman Koil Street guideline value

The current guideline value of Karunkuzhiamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Mixed Type - III land.

How the guideline value of Karunkuzhiamman Koil Street has changed

The guideline value for Karunkuzhiamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the Rs 670 per sq.ft established in the 2017 revision. The value remained at Rs 1,000 per sq.ft until the 2023 revision, which increased it to Rs 1,100 per sq.ft, marking a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. The 2024 revision reflects a significant increase of 49% from the 2017 figure, indicating a notable change in the guideline value.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Karunkuzhiamman Koil Street above this median.

• Kattunaikkan Street (1st & 1st Street): Rs 1,215 per sq.ft (2024)
• Kavalar Kudieruppu Road: Rs 1,210 per sq.ft (2024)
• Koneri Kuttai Road: Rs 935 per sq.ft (2024)
• Kovalam Road 1st Cross Street: Rs 1,210 per sq.ft (2024)
• Kovalam Road 2nd Cross Street: Rs 1,210 per sq.ft (2024)
• Kovalam Street G.R.T to Pallavan Silai (Kovalam Salai(West part)3800 Mtr Highway): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Karunkuzhiamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, totaling Rs 77,000, while the registration fee is 2%, amounting to Rs 22,000. Therefore, the total cost for stamp duty and registration fees would be 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 the stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers Karunkuzhiamman Koil Street?

The Sub Registrar Office that covers Karunkuzhiamman Koil 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 Mamallapuram

The guideline value is a critical factor when registering property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property 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 value of the property based on the latest revisions. This value is essential for calculating the applicable taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Karunkuzhiamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. It was Rs 670 per sq.ft in 2017, which means there was a 49% increase from 2017 to 2023.

What is the land classification of Karunkuzhiamman Koil Street?

Karunkuzhiamman Koil Street is classified as Mixed Type - III land, which indicates its suitability for various uses.

What are the stamp duty rates applicable in Mamallapuram?

The stamp duty rate in Mamallapuram is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for Karunkuzhiamman Koil Street?

The Thirukazhukundram Sub Registrar Office covers Karunkuzhiamman Koil Street and is located at Thiruchengode - 637 211, Chengalpattu registration zone.