Guideline Value for Thirukalukundram Salai 6st Cross Street

Thirukalukundram Salai 6st Cross Street guideline value

The current guideline value for Thirukalukundram Salai 6st 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, with a land classification of Residential Class I Type - II.

How the guideline value of Thirukalukundram Salai 6st Cross Street has changed

The guideline value for Thirukalukundram Salai 6st Cross Street has seen several revisions over the years. In the 2012 revision, the value was Rs 1,100 per sq.ft, which decreased to Rs 737 per sq.ft in 2017. This was a decline of 33%. However, the value increased significantly to Rs 1,100 per sq.ft in the 2023 revision and rose again to Rs 1,215 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register does not contain 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 guideline value for these streets is Rs 935 per sq.ft, placing Thirukalukundram Salai 6st Cross Street above this median.

• Thirukalukundram Salai 5st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 4st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 3st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 2st Cross Street: Rs 1,215 per sq.ft (2024)
• Thirukalukundram Salai 1st 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 6st 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 amounts to 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 costs 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. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thirukalukundram Salai 6st Cross Street?

The Thirukalukundram Salai 6st Cross Street falls under the jurisdiction of 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the sale price is not undervalued.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Thirukalukundram Salai 6st Cross Street?

The current guideline value for Thirukalukundram Salai 6st 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 median guideline value for streets in Mamallapuram?

The median guideline value for streets in Mamallapuram under the Thirukazhukundram SRO is Rs 935 per sq.ft, with Thirukalukundram Salai 6st Cross Street being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 12,15,000, the stamp duty would be Rs 85,050 and the registration fee would be Rs 24,300, totaling Rs 1,09,350.

Which office handles the registration for Thirukalukundram Salai 6st Cross Street?

The Thirukazhukundram Sub Registrar Office handles the registration for Thirukalukundram Salai 6st Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.