Guideline Value for Kuyavar Street

Kuyavar Street guideline value

The current guideline value of Kuyavar Street in Thirukalukundrem A village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Thirukazhukundram SRO and is classified as Residential Class I Type - II.

How the guideline value of Kuyavar Street has changed

The guideline value of Kuyavar Street has remained stable at Rs 800 per sq.ft for the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the value was Rs 536 per sq.ft, indicating a significant increase of 49% from 2017 to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 49% from 2017 to 2024.

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, with a median value of Rs 600 per sq.ft. Kuyavar Street's 2024 figure is above this median.

• Kuselar Street: Rs 600 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 Kuyavar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, leading to a total of Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuyavar Street?

Kuyavar Street is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Kuyavar Street?

The current guideline value of Kuyavar Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 800 per sq.ft for both 2023 and 2024. It was Rs 536 per sq.ft in 2017, marking a 49% increase to the current value.

What are the other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A include Kuselar Street, Kumaran Kudil Nagar, Kulam Street, Kulam East Street, Kollaimettu Street, and Malalippettai, each with their respective guideline values.

What fees are associated with buying property in Kuyavar Street?

When buying property in Kuyavar Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Kuyavar Street is located at Thiruchengode - 637 211, within the Chengalpattu registration zone.