Guideline Value for M.K.Avenue Sadras Salai

M.K.Avenue Sadras Salai guideline value

The current guideline value of M.K.Avenue Sadras Salai is Rs 1,005 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, with a land classification of Mixed Type - II.

How the guideline value of M.K.Avenue Sadras Salai has changed

The guideline value for M.K.Avenue Sadras Salai has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 further raised the value to Rs 1,005 per sq.ft, reflecting a 1% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. It is important to note that there are no figures available for the revisions in 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 have 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. M.K.Avenue Sadras Salai's 2024 figure is above this median.

• Mettu Street D.M.Pet: Rs 600 per sq.ft (2024)
• Mettu Street: Rs 1,250 per sq.ft (2024)
• Munusamy Nagar: Rs 1,344 per sq.ft (2024)
• Mattru Pathai: Rs 1,100 per sq.ft (2024)
• Mathulankuppam: Rs 400 per sq.ft (2024)
• Masuthi Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in M.K.Avenue Sadras Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total fees to Rs 90,450. It is important to note that the 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers M.K.Avenue Sadras Salai?

The Sub Registrar Office that covers M.K.Avenue Sadras Salai 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 a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirukalukundrem A, the guideline value helps in calculating the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Understanding this value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of M.K.Avenue Sadras Salai?

The current guideline value of M.K.Avenue Sadras Salai is Rs 1,005 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,005 per sq.ft in 2024, marking a total increase of 50% over this period.

What is the stamp duty for property in M.K.Avenue Sadras Salai?

The stamp duty for property in M.K.Avenue Sadras Salai is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers M.K.Avenue Sadras Salai?

The Thirukazhukundram Sub Registrar Office covers M.K.Avenue Sadras Salai, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What are the guideline values of other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A have varying guideline values, with rates ranging from Rs 300 to Rs 1,344 per sq.ft. M.K.Avenue Sadras Salai's value of Rs 1,005 per sq.ft is above the median of Rs 600 per sq.ft.