Guideline Value for Kavalar Kudieruppu Road

Kavalar Kudieruppu Road guideline value

The current guideline value of Kavalar Kudieruppu Road is Rs 1,210 per sq.ft, effective from 1 July 2024. This road is located in Mamallapuram village and falls under the Thirukazhukundram SRO. The land classification is Residential Class III Type - I.

How the guideline value of Kavalar Kudieruppu Road has changed

The guideline value for Kavalar Kudieruppu Road has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in 2017. The value then increased significantly to Rs 1,100 per sq.ft in 2023, and most recently, it rose to Rs 1,210 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 42%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median of Rs 935 per sq.ft. The guideline value of Kavalar Kudieruppu Road is above this median.

• Kattunaikkan Street (1st & 1st Street): Rs 1,215 per sq.ft (2024)
• Karunkuzhiamman Koil Street: Rs 1,100 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 Kavalar Kudieruppu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. 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 calculations.

Which Sub Registrar Office covers Kavalar Kudieruppu Road?

The Sub Registrar Office that covers Kavalar Kudieruppu Road 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 crucial factor in property transactions in Mamallapuram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is essential for both parties to be aware of the current guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Kavalar Kudieruppu Road?

The current guideline value of Kavalar Kudieruppu Road is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 1,210 per sq.ft in 2024, with significant increases in the years 2017 and 2023.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this area?

The Thirukazhukundram Sub Registrar Office handles registrations for Kavalar Kudieruppu Road, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification for Kavalar Kudieruppu Road?

The land classification for Kavalar Kudieruppu Road is Residential Class III Type - I.