Guideline Value for THIRUKURALAR STREET (WARD -8)

Thirukuralar Street (Ward -8) guideline value

The current guideline value of Thirukuralar Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Thirukuralar Street (Ward -8) has changed

The guideline value for Thirukuralar Street has undergone several revisions over the years. From the 2012 revision, which set the value at Rs 1,200 per sq.ft, it decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49% to reach Rs 1,200 per sq.ft. The most recent revision in 2024 has seen the guideline value rise by 10% to Rs 1,320 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Thirukuralar Street. Overall, comparing the 2012 revision to the current 2024 figure, there has been an increase of 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Thirukuralar Street's 2024 value above this median.

• Thirukoodarasappar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thirukkural Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirugnanasambanthar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirumanagaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukuralar Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. 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 accurate calculations.

Which Sub Registrar Office covers Thirukuralar Street (Ward -8)?

The Sub Registrar Office that covers Thirukuralar Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kattankollatur

The guideline value is a crucial factor during property registration in Kattankollatur. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded at a fair value.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the applicable stamp duty and registration fees, which are necessary for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Thirukuralar Street (Ward -8)?

The current guideline value of Thirukuralar Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value for streets in Kattankollatur?

The median guideline value for streets in Kattankollatur is Rs 1,100 per sq.ft, with Thirukuralar Street's 2024 value being above this median.

What are the stamp duty and registration fees for properties in Thirukuralar Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Thirukuralar Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Thirukuralar Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.