Guideline Value for Salai Street

Salai Street guideline value

The current guideline value of Salai Street in Thirukalukundrem A village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Thirukazhukundram SRO and is classified as Residential Class I Type - III.

How the guideline value of Salai Street has changed

In the 2017 revision, the guideline value for Salai Street was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 600 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 600 per sq.ft, resulting in a 49% increase from the 2017 figure to the 2024 figure.

It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2012 for Salai Street. Therefore, the changes between the revisions are only noted from 2017 to 2024, which shows a consistent increase of 49% overall.

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 value for these streets is Rs 600 per sq.ft, making Salai Street's 2024 figure equal to this median.

• Sangukulam North Street: Rs 600 per sq.ft (2024)
• Sangukulam South Street: Rs 600 per sq.ft (2024)
• Sangukulam Street: Rs 600 per sq.ft (2024)
• Sangukulam West Street: Rs 600 per sq.ft (2024)
• Sangumettu Street: Rs 300 per sq.ft (2024)
• Sannathi Street: Rs 1,250 per sq.ft (2024)

Stamp duty and registration fee for property in Salai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. It is important to 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 Salai Street?

The Sub Registrar Office that covers Salai 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 a crucial factor in the registration of property transactions in Thirukalukundrem A. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Salai Street?

The current guideline value of Salai Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Salai Street increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in both 2023 and 2024, showing a 49% increase overall from 2017 to 2024.

What land classification does Salai Street fall under?

Salai Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.

What are the stamp duty and registration fee for a property on Salai Street?

For a 1,000 sq.ft property at the guideline value of Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles the registration for Salai Street?

The Thirukazhukundram Sub Registrar Office handles the registration for Salai Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.