Guideline Value for Sangukulam West Street

Sangukulam West Street guideline value

The current guideline value of Sangukulam West 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 West Street has changed

In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The most recent revision in 2024 has maintained this value at Rs 600 per sq.ft, showing no percentage change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 402 to Rs 600 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, remaining stable at Rs 600 per sq.ft since 2023.

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 of these streets is Rs 600 per sq.ft, placing Sangukulam West Street at this median value.

• Sangukulam Street: Rs 600 per sq.ft (2024)
• Sangumettu Street: Rs 300 per sq.ft (2024)
• Sangukulam South Street: Rs 600 per sq.ft (2024)
• Sangukulam North Street: Rs 600 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 West 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 or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to property transactions.

Which Sub Registrar Office covers Sangukulam West Street?

The Sub Registrar Office that covers Sangukulam West 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 essential during property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to calculate the applicable stamp duty and registration fees.

When purchasing property in Thirukalukundrem A, the guideline value is used to ensure that the transaction is recorded accurately and that the correct taxes are paid. This value serves as a reference point for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Sangukulam West Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at 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 registrations for Sangukulam West Street?

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

What is the land classification for Sangukulam West Street?

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