Guideline Value for Kollaimettu Street

Kollaimettu Street guideline value

The current guideline value of Kollaimettu Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

How the guideline value of Kollaimettu Street has changed

The guideline value for Kollaimettu Street has remained consistent at Rs 600 per sq.ft for the revisions in 2023 and 2024. Prior to this, the 2017 revision recorded a value of Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Kollaimettu Street.

• Kavarai Street: Rs 1,200 per sq.ft (2024)
• Kavalar Kudieruppu: Rs 400 per sq.ft (2024)
• Karunkuzhi Salai: Rs 400 per sq.ft (2024)
• Kulam East Street: Rs 400 per sq.ft (2024)
• Kulam Street: Rs 400 per sq.ft (2024)
• Kumaran Kudil Nagar: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Kollaimettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kollaimettu Street?

The Sub Registrar Office covering Kollaimettu 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 Thirukalukundrem A

The guideline value is an important reference point when registering property transactions in Thirukalukundrem A. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a baseline for calculating taxes and fees. Buyers should be aware that the duty is assessed on the higher of the guideline value or the sale price, which can affect the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Kollaimettu Street?

The current guideline value of Kollaimettu Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both 2023 and 2024. It was Rs 402 per sq.ft in 2017, representing a 49% increase to the current value.

What is the land classification for Kollaimettu Street?

Kollaimettu Street is classified as Residential Class I Type - III according to the guideline value register.

What are the other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A include Kavarai Street, Kavalar Kudieruppu, Karunkuzhi Salai, Kulam East Street, Kulam Street, and Kumaran Kudil Nagar, with varying guideline values.

Where can I find the Sub Registrar Office for Kollaimettu Street?

The Sub Registrar Office for Kollaimettu Street is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more information online.