Guideline Value for Sangukulam North Street

Sangukulam North Street guideline value

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

How the guideline value of Sangukulam North Street has changed

In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a guideline value of Rs 600 per sq.ft. The 2024 revision maintained this rate at Rs 600 per sq.ft, reflecting a 49% increase from the 2017 figure to both the 2023 and 2024 revisions.

There are no recorded figures for Sangukulam North Street in the revisions of 2002, 2003, 2007, and 2012. Therefore, the only changes noted are from the 2017 revision to the 2023 and 2024 revisions, which show no percentage increase between 2023 and 2024.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Sangukulam North Street.

• 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)
• Salai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sangukulam North 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, bringing the total fees to Rs 54,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sangukulam North Street?

The Sub Registrar Office that covers Sangukulam North Street 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 the registration process when buying or selling property in Thirukalukundrem A. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sangukulam North Street?

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

How has the guideline value changed over the years?

From the 2017 revision of Rs 402 per sq.ft, the guideline value increased to Rs 600 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase overall.

What are the other streets in Thirukalukundrem A with the same guideline value?

Other streets in Thirukalukundrem A with a guideline value of Rs 600 per sq.ft include Sangukulam South Street, Sangukulam Street, Sangukulam West Street, and Salai Street.

What fees are associated with buying property in Sangukulam North Street?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sangukulam North Street?

The Sub Registrar Office for Sangukulam North Street is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more information through the provided link.