Guideline Value for Mathulankuppam

Mathulankuppam guideline value

The current guideline value of Mathulankuppam, located in Thirukalukundrem A village under the Thirukazhukundram SRO, is Rs 400 per sq.ft. This rate is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Mathulankuppam has changed

The guideline value of Mathulankuppam has seen several revisions over the years. The earliest recorded figure was in 2017 at Rs 268 per sq.ft. This was followed by a consistent value of Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating no change in the guideline value from 2023 to 2024. The increase from 2017 to 2023 was 49%, and overall, from 2017 to 2024, the increase is also 49%.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that no changes were documented during those years.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Mathulankuppam's 2024 figure below that median.

• Mattru Pathai: Rs 1,100 per sq.ft (2024)
• Masuthi Street: Rs 805 per sq.ft (2024)
• Mariamman Koil Street: Rs 600 per sq.ft (2024)
• Mettu Street: Rs 1,250 per sq.ft (2024)
• Mettu Street D.M.Pet: Rs 600 per sq.ft (2024)
• Manthaiveli Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Mathulankuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, charged at 7%, would be Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mathulankuppam?

The Sub Registrar Office that covers Mathulankuppam 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 during the registration of properties in Thirukalukundrem A. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the prevailing rates in the area. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Mathulankuppam?

The current guideline value of Mathulankuppam is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision, with a significant increase of 49% from Rs 268 per sq.ft in 2017.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for streets in Thirukalukundrem A is Rs 600 per sq.ft, with Mathulankuppam's value being below this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same amount.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Thirukazhukundram Sub Registrar Office located at Thiruchengode - 637 211, Chengalpattu registration zone, or by using the provided link to find your SRO.