Guideline Value for Thirukalukundram Salai 1st Cross Street

Thirukalukundram Salai 1st Cross Street guideline value

The current guideline value for Thirukalukundram Salai 1st Cross Street is Rs 1,215 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thirukalukundram Salai 1st Cross Street has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 737 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,100 per sq.ft in 2023, followed by another increase to Rs 1,215 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value is Rs 935 per sq.ft, placing Thirukalukundram Salai 1st Cross Street above this median.

• Thirukalukundram Salai: Rs 1,545 per sq.ft (2024)
• Thirukalukundram Salai 2st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 3st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 4st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 5st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 6st Cross Street: Rs 1,215 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukalukundram Salai 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,215 per sq.ft, the total guideline value would be Rs 12,15,000. The stamp duty at 7% would amount to Rs 85,050, and the registration fee at 2% would be Rs 24,300, totaling Rs 1,09,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Thirukalukundram Salai 1st Cross Street?

The Thirukalukundram Salai 1st Cross Street is covered by 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 Mamallapuram

The guideline value is an essential factor in the registration process of property transactions in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the current market conditions as per the official register. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Thirukalukundram Salai 1st Cross Street?

The current guideline value for Thirukalukundram Salai 1st Cross Street is Rs 1,215 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,215 per sq.ft in 2024.

What is the land classification for this street?

Thirukalukundram Salai 1st Cross Street is classified as Residential Class I Type - II.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 12,15,000. The stamp duty at 7% would be Rs 85,050, and the registration fee at 2% would be Rs 24,300, totaling Rs 1,09,350.

Which office handles registrations for this street?

The Thirukazhukundram Sub Registrar Office handles registrations for Thirukalukundram Salai 1st Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.