Guideline Value for Sangukulam South Street

Sangukulam South Street guideline value

The current guideline value of Sangukulam South Street 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 for this area is Residential Class I Type - III.

How the guideline value of Sangukulam South Street has changed

The guideline value for Sangukulam South Street has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure increased to Rs 600 per sq.ft in the 2023 revision, marking a 49% increase from 2017 to 2023. The 2024 revision maintained the same value of Rs 600 per sq.ft, resulting in no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The current rate of Rs 600 per sq.ft aligns with the median guideline value for the 149 streets in Thirukalukundrem A under the Thirukazhukundram SRO.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, the guideline values for various streets range from Rs 300 to Rs 1,344 per sq.ft, with the median being Rs 600 per sq.ft. Sangukulam South Street's 2024 figure is equal to this median. The following are the guideline values for other streets in Thirukalukundrem A:

• Sangukulam North 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 South 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 to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sangukulam South Street?

The Sub Registrar Office that covers Sangukulam South 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 critical component during the registration of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that they are calculated based on the established rates for the area.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for ensuring compliance with local regulations and for calculating the necessary fees associated with the transaction.

Frequently asked questions

What is the current guideline value of Sangukulam South Street?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, and it remained the same in 2024, resulting in an overall increase of 49% from 2017 to 2024.

What is the land classification for Sangukulam South Street?

The land classification for Sangukulam South Street is Residential Class I Type - III.

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

The Sub Registrar Office for Sangukulam South Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.