Guideline Value for Sayakkara Street

Sayakkara Street guideline value

The current guideline value of Sayakkara 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 Sayakkara Street has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure remained unchanged at Rs 600 per sq.ft during the 2023 revision and continues to be Rs 600 per sq.ft in the 2024 revision, reflecting a 49% increase from 2017 to 2023. The register has no figure for Sayakkara Street for the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 600 per sq.ft. Overall, the increase from the 2017 revision to the current 2024 revision is 49%.

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, making Sayakkara Street's 2024 figure equal to this median.

• Sasthiru Street: Rs 600 per sq.ft (2024)
• Selliamman Koil Street: Rs 700 per sq.ft (2024)
• Sannathi Street: Rs 1,250 per sq.ft (2024)
• Sangumettu Street: Rs 300 per sq.ft (2024)
• Sangukulam West Street: Rs 600 per sq.ft (2024)
• Sangukulam Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sayakkara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total 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, bringing the total to Rs 54,000. Duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sayakkara Street?

The Sub Registrar Office that covers Sayakkara 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 critical factor in the registration process for property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two 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 Sayakkara Street?

The current guideline value of Sayakkara 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 remained at Rs 600 per sq.ft from 2023 to 2024, with a 49% increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Sayakkara Street?

Sayakkara Street is classified as Residential Class I Type - III under the Thirukazhukundram SRO.

Where can I find the registration office for Sayakkara Street?

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

How is stamp duty calculated for properties in Sayakkara Street?

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