Guideline Value for Mamallapuram Salai (Karuneekar Thottam)

Mamallapuram Salai (Karuneekar Thottam) guideline value

The current guideline value of Mamallapuram Salai (Karuneekar Thottam) is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village and falls under the Thirukazhukundram SRO. The land classification is Residential Class I Type - III.

How the guideline value of Mamallapuram Salai (Karuneekar Thottam) has changed

The guideline value for Mamallapuram Salai (Karuneekar Thottam) has remained stable at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, showing no increase. Prior to this, in the 2017 revision, the guideline value was Rs 402 per sq.ft, marking a significant increase of 49% to the 2023 figure of Rs 600 per sq.ft.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The register does not have 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 guideline value is Rs 600 per sq.ft, which is the same as the 2024 figure for Mamallapuram Salai (Karuneekar Thottam).

• Mamallapuram Salai Payaniyar viduthi Muthal Kothimangalam Arampa Ellai varai: Rs 1,005 per sq.ft (2024)
• Mamallapuram Salai (Payaniyar viduthi varai): Rs 805 per sq.ft (2024)
• Mandapam Street: Rs 700 per sq.ft (2024)
• Mangalam Medu: Rs 600 per sq.ft (2024)
• Mangalam West Street (Palla Mangalam): Rs 600 per sq.ft (2024)
• Malayappa Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Mamallapuram Salai (Karuneekar Thottam)

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the 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, totaling Rs 54,000. 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 details.

Which Sub Registrar Office covers Mamallapuram Salai (Karuneekar Thottam)?

The Sub Registrar Office that covers Mamallapuram Salai (Karuneekar Thottam) is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Mamallapuram Salai (Karuneekar Thottam)?

The current guideline value of Mamallapuram Salai (Karuneekar Thottam) 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 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 land classification for Mamallapuram Salai (Karuneekar Thottam)?

The land classification for Mamallapuram Salai (Karuneekar Thottam) is Residential Class I Type - III.

Where can I find the guideline values for other streets in Thirukalukundrem A?

The guideline values for other streets in Thirukalukundrem A can be found in the registration department's guideline value register, which lists various streets and their respective rates.

What is the stamp duty rate for property transactions in Mamallapuram Salai (Karuneekar Thottam)?

The stamp duty rate for property transactions in Mamallapuram Salai (Karuneekar Thottam) is 7% of the guideline value or the sale price, whichever is higher.