Guideline Value for Sangumettu Street

Sangumettu Street guideline value

The current guideline value of Sangumettu Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class V Type - I.

How the guideline value of Sangumettu Street has changed

The guideline value for Sangumettu Street has remained stable at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision set the value at Rs 201 per sq.ft, marking a 49% increase to the current value over the period from 2017 to 2024.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 in the register for this street. The increase from the 2017 revision to the 2023 revision was also 49%, indicating a consistent rise in the guideline value since 2017.

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, with a median value of Rs 600 per sq.ft. Sangumettu Street's 2024 figure is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total cost of Rs 27,000 for these fees. 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 detailed calculations.

Which Sub Registrar Office covers Sangumettu Street?

The Sub Registrar Office that covers Sangumettu 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 serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sangumettu Street?

The current guideline value of Sangumettu Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024. It increased by 49% from Rs 201 per sq.ft in 2017 to the current value in 2024.

What are the other streets in Thirukalukundrem A and their guideline values?

Other streets in Thirukalukundrem A include Sangukulam West Street, Sangukulam Street, Sangukulam South Street, Sangukulam North Street, Sannathi Street, and Salai Street, with values ranging from Rs 600 to Rs 1,250 per sq.ft.

What is the registration fee for property in Sangumettu Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,00,000, the registration fee would be Rs 6,000 at a rate of 2%.

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

The Thirukazhukundram Sub Registrar Office covers Sangumettu Street and is located at Thiruchengode - 637 211, Chengalpattu registration zone.