Guideline Value for Kavalar Kudieruppu

Kavalar Kudieruppu guideline value

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

How the guideline value of Kavalar Kudieruppu has changed

The guideline value for Kavalar Kudieruppu has remained stable at Rs 400 per sq.ft since the 2023 revision, which also recorded the same value. Prior to that, the 2017 revision set the value at Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023. There are no recorded figures for the revisions in 2012, 2007, 2003, and 2002 for this street.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%, maintaining the same rate of Rs 400 per sq.ft since 2023.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO carrying a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Kavalar Kudieruppu's 2024 figure is below this median.

• Kavarai Street: Rs 1,200 per sq.ft (2024)
• Karunkuzhi Salai: Rs 400 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 Kavalar Kudieruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges 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 Kavalar Kudieruppu?

The Sub Registrar Office that covers Kavalar Kudieruppu 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 serves as a benchmark for determining the minimum value at which property transactions can be registered. When buying or selling property in Thirukalukundrem A, the guideline value is essential for calculating stamp duty and registration fees.

It is important for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. Accurate knowledge of this value ensures compliance with local regulations and helps in understanding the financial obligations involved in property dealings.

Frequently asked questions

What is the current guideline value of Kavalar Kudieruppu?

The current guideline value of Kavalar Kudieruppu 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 since 2023, with a previous value of Rs 268 per sq.ft in 2017, reflecting a 49% increase over that period.

What is the land classification of Kavalar Kudieruppu?

Kavalar Kudieruppu is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Kavalar Kudieruppu?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, these fees would total Rs 36,000.

Which office handles registrations for Kavalar Kudieruppu?

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