Guideline Value for Thirukalukundram Salai 3st Cross Street

Thirukalukundram Salai 3st Cross Street guideline value

The current guideline value for Thirukalukundram Salai 3st 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 3st Cross Street has changed

The guideline value for this street has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 1,100 per sq.ft. In 2017, the value decreased to Rs 737 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,100 per sq.ft, and in the latest 2024 revision, it stands at Rs 1,215 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures recorded for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 3st Cross Street above this median.

• Thirukalukundram Salai 2st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 4st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 1st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 5st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai: Rs 1,545 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 3st 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, while the registration fee at 2% would be Rs 24,300, bringing the total fees together to Rs 1,09,350. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirukalukundram Salai 3st Cross Street?

The Thirukalukundram Salai 3st Cross Street falls under 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 a crucial factor during property registration in Mamallapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It helps in establishing a fair transaction value, ensuring transparency in the property dealings.

Frequently asked questions

What is the current guideline value for Thirukalukundram Salai 3st Cross Street?

The current guideline value for Thirukalukundram Salai 3st 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 are the other streets with the same guideline value in Mamallapuram?

Other streets in Mamallapuram with the same guideline value of Rs 1,215 per sq.ft for 2024 include Thirukalukundram Salai 1st Cross Street, 2nd Cross Street, 4th Cross Street, and 5th Cross Street, as well as Thirukalukundram Salai 6th Cross Street.

Where can I find the registration office for Thirukalukundram Salai 3st Cross Street?

The registration office for Thirukalukundram Salai 3st Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mamallapuram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 12,15,000 would incur a stamp duty of Rs 85,050 at a rate of 7%.