Guideline Value for Sangukulam Street

Sangukulam Street guideline value

The current guideline value of Sangukulam Street is Rs 600 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 I Type - III.

How the guideline value of Sangukulam Street has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The 2024 revision again set the value at Rs 600 per sq.ft, indicating no change from the previous year.

Overall, from 2017 to 2024, the guideline value increased by 49%. The revisions for the years 2002, 2003, 2007, and 2012 have no figures recorded for Sangukulam Street in the register.

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 matches the guideline value of Sangukulam Street.

• Sangukulam South Street: Rs 600 per sq.ft (2024)
• Sangukulam West Street: Rs 600 per sq.ft (2024)
• Sangukulam North 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sangukulam Street?

The Sub Registrar Office covering Sangukulam 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 during property registration in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sangukulam Street?

The current guideline value of Sangukulam 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 remained the same in 2024, marking a 49% increase overall from 2017 to 2024.

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

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

What is the stamp duty rate for properties in Sangukulam Street?

The stamp duty rate for properties in Sangukulam Street is 7% of the guideline value or sale price, whichever is higher.

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

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