Guideline Value for North Kulam Street

North Kulam Street guideline value

The current guideline value of North Kulam Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO and is classified as Residential Class IV Type - I.

How the guideline value of North Kulam Street has changed

In the 2017 revision, the guideline value for North Kulam Street was Rs 268 per sq.ft. This remained unchanged at Rs 400 per sq.ft in the 2023 revision, and it is also Rs 400 per sq.ft in the 2024 revision, indicating a 49% increase from 2017 to 2023. The 2024 revision shows no change from the previous year, maintaining the same rate.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that provide figures are from 2017, 2023, and 2024, with the overall change from 2017 to 2024 being an increase of 49%.

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. The guideline value of North Kulam Street is below this median.

• North Mada Veethi: Rs 1,005 per sq.ft (2024)
• North Mada Veethi Cross Street: Rs 800 per sq.ft (2024)
• North Sannathi Street: Rs 900 per sq.ft (2024)
• North Street Mangalam: Rs 600 per sq.ft (2024)
• Osooramman Koil Street: Rs 400 per sq.ft (2024)
• Padasalai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in North Kulam Street

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

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

Which Sub Registrar Office covers North Kulam Street?

The Sub Registrar Office that covers North Kulam Street is 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 essential during property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the government.

Frequently asked questions

What is the current guideline value of North Kulam Street?

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

How has the guideline value changed over the years?

The guideline value for North Kulam Street was Rs 268 per sq.ft in 2017, increased to Rs 400 per sq.ft in 2023, and has remained at Rs 400 per sq.ft in 2024.

What is the land classification for North Kulam Street?

North Kulam Street is classified as Residential Class IV Type - I.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for streets in Thirukalukundrem A is Rs 600 per sq.ft, while North Kulam Street's value is below this median.

Where can I find more information about stamp duty and registration fees?

For detailed calculations regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.