Guideline Value for Koneri Kuttai Road

Koneri Kuttai Road guideline value

The current guideline value of Koneri Kuttai Road is Rs 935 per sq.ft, effective from 1 July 2024. This road is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Koneri Kuttai Road has changed

The guideline value for Koneri Kuttai Road has seen several revisions over the years. The earliest available figure is from the 2012 revision, which was set at Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 850 per sq.ft in 2023, and further rose to Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value increased by 111%. Overall, from 2012 to 2024, the guideline value has increased by 56%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

Mamallapuram has a total of 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 is Rs 935 per sq.ft, which is equal to the guideline value of Koneri Kuttai Road.

• 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: Rs 1,100 per sq.ft (2024)
• Kovalam Street Pallavan Silai to Govt.Hospital: Rs 1,100 per sq.ft (2024)
• Kovalam Street Pallavan Silai to Next T.T.D.C: Rs 1,325 per sq.ft (2024)
• Kovalam Street Town Panchayat to G.R.T: Rs 1,485 per sq.ft (2024)

Stamp duty and registration fee for property in Koneri Kuttai Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total to Rs 84,150. It is important to 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 Koneri Kuttai Road?

The Sub Registrar Office that covers Koneri Kuttai 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 an essential factor in property transactions in Mamallapuram, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Koneri Kuttai Road?

The current guideline value of Koneri Kuttai Road is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 935 per sq.ft in 2024, with significant increases recorded in 2023 and 2024.

What is the land classification for Koneri Kuttai Road?

Koneri Kuttai Road is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties on this road?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000, with stamp duty and registration fees totaling Rs 84,150.

Which Sub Registrar Office is responsible for this area?

The Thirukazhukundram Sub Registrar Office covers Koneri Kuttai Road, located at Thiruchengode - 637 211, Chengalpattu registration zone.