Guideline Value for Kuselar Street

Kuselar Street guideline value

The current guideline value of Kuselar Street is Rs 600 per sq.ft. It is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

How the guideline value of Kuselar Street has changed

The guideline value for Kuselar Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 402 per sq.ft. This value remained unchanged at Rs 600 per sq.ft in the 2023 revision and continues to be Rs 600 per sq.ft in the 2024 revision, reflecting a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value has not been recorded for those years.

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 matches the guideline value of Kuselar Street.

• Kuyavar Street: Rs 800 per sq.ft (2024)
• Kumaran Kudil Nagar: Rs 670 per sq.ft (2024)
• Kulam Street: Rs 400 per sq.ft (2024)
• Kulam East Street: Rs 400 per sq.ft (2024)
• Kollaimettu Street: Rs 600 per sq.ft (2024)
• Malalippettai: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Kuselar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be 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, bringing the total to Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kuselar Street?

The Sub Registrar Office that covers Kuselar Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Thirukalukundrem A

The guideline value is a crucial factor in the registration of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value of a property, ensuring that the stamp duty and registration fees are calculated based on a fair assessment of the property’s worth.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kuselar Street?

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

How has the guideline value changed over the years?

The guideline value for Kuselar Street has remained at Rs 600 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the classification of land on Kuselar Street?

Kuselar Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on Kuselar Street?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles registrations for Kuselar Street?

The Thirukazhukundram Sub Registrar Office handles registrations for Kuselar Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.