Guideline Value for Thirukazhukundam Road

Thirukazhukundam Road guideline value

The current guideline value of Thirukazhukundam Road is Rs 1,500 per sq.ft, effective from 1 July 2024. This road is located in Allappakkam village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of Thirukazhukundam Road has changed

The guideline value for Thirukazhukundam Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,500 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been no net change in the guideline value.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, placing Thirukazhukundam Road's current value above this median.

• Thirumugan Avanue: Rs 800 per sq.ft (2024)
• Thirustar Rani Managar: Rs 1,200 per sq.ft (2024)
• Sun City: Rs 800 per sq.ft (2024)
• Star City Phase-V: Rs 1,102 per sq.ft (2024)
• Star City Phase-IV: Rs 1,102 per sq.ft (2024)
• Star City Phase-III: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukazhukundam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 details.

Which Sub Registrar Office covers Thirukazhukundam Road?

The Sub Registrar Office that covers Thirukazhukundam Road is the Chengleput Joint I 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 Allappakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and transparently, reflecting the official valuation of the property. This helps in maintaining uniformity in property transactions across the region.

Frequently asked questions

What is the current guideline value of Thirukazhukundam Road?

The current guideline value of Thirukazhukundam Road is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the latest being Rs 1,500 per sq.ft in 2024, which is the same as in 2023. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Thirukazhukundam Road?

Thirukazhukundam Road is classified as Residential Special Type - I, indicating its designated use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot has a total guideline value of Rs 15,00,000, leading to a total fee of Rs 1,35,000.

Where is the Chengleput Joint I Sub Registrar Office located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.