Guideline Value for Kavarai Street

Kavarai Street guideline value

The current guideline value of Kavarai Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Commercial Class I Type - II.

How the guideline value of Kavarai Street has changed

In the 2017 revision, the guideline value for Kavarai Street was Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed it at Rs 1,200 per sq.ft. The most recent 2024 revision has kept the guideline value at Rs 1,200 per sq.ft, reflecting a 49% increase from the 2017 figure. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also seen a 49% increase, maintaining consistency in the current rate.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, placing Kavarai Street's 2024 figure above this median.

• Kavalar Kudieruppu: Rs 400 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 Kavarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. Please note that 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 details.

Which Sub Registrar Office covers Kavarai Street?

Kavarai Street falls under the jurisdiction of 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 critical factor in property transactions, as it determines the amount payable for stamp duty and registration fees. When buying or selling property in Thirukalukundrem A, the guideline value is used to calculate these fees based on the property's assessed worth.

It is essential to be aware of the guideline value when engaging in property transactions, as it ensures compliance with local regulations and helps avoid any legal issues during registration. Buyers and sellers should verify the current guideline value to ensure accurate calculations of fees.

Frequently asked questions

What is the current guideline value of Kavarai Street?

The current guideline value of Kavarai Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It remained at Rs 1,200 per sq.ft from 2023 to 2024.

What is the land classification of Kavarai Street?

Kavarai Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in Kavarai Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,200 per sq.ft, the total fees would amount to Rs 1,08,000, including stamp duty and registration fees.

Which office handles the registration for Kavarai Street?

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