Guideline Value for Thirukalukundram Salai 4st Cross Street

Thirukalukundram Salai 4st Cross Street guideline value

The current guideline value of Thirukalukundram Salai 4st Cross Street is Rs 1,215 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village and falls under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thirukalukundram Salai 4st Cross Street has changed

The guideline value for Thirukalukundram Salai 4st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was followed by a decrease to Rs 737 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,100 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,215 per sq.ft. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The changes between the revisions are notable, with a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. Thirukalukundram Salai 4st Cross Street's 2024 figure is above this median.

• Thirukalukundram Salai 1st Cross Street: Rs 1,215 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)
• Thirukalukundram Salai: Rs 1,545 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukalukundram Salai 4st 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 be Rs 85,050, and the registration fee at 2% would be Rs 24,300, bringing the total to Rs 1,09,350. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukalukundram Salai 4st Cross Street?

The Thirukazhukundram Sub Registrar Office covers Thirukalukundram Salai 4st Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Thirukalukundram Salai 4st Cross Street?

The current guideline value of Thirukalukundram Salai 4st 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 significantly from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased 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 Thirukalukundram Salai 4st Cross Street?

The land classification for Thirukalukundram Salai 4st Cross Street is Residential Class I Type - II.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 1,09,350 based on the current guideline value.

Which office handles registrations for this area?

The Thirukazhukundram Sub Registrar Office handles registrations for Thirukalukundram Salai 4st Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.