Guideline Value for Thirukazhukundram Road

Thirukazhukundram Road guideline value

The current guideline value of Thirukazhukundram Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This road is located in Melamaiyur village and falls under the Chengleput Joint I SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Thirukazhukundram Road has changed

Over the years, the guideline value of Thirukazhukundram Road has experienced several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 333 per sq.ft. This saw a significant increase to Rs 2,000 per sq.ft in 2012, marking a rise of 501%. However, the value dropped to Rs 1,340 per sq.ft in 2017, indicating a decrease of 33%. The subsequent revision in 2023 set the value at Rs 1,500 per sq.ft, which was an increase of 12% from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no recorded figures for Thirukazhukundram Road in the years 2002 and 2003. The overall change from the 2007 revision to the 2024 revision is an increase of 395%.

Guideline values in Melamaiyur

In Melamaiyur, there are 37 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 1,212 per sq.ft, positioning Thirukazhukundram Road's 2024 figure above this median. Below are the guideline values for other streets in Melamaiyur:

• Vasantham Nagar Extension I,II,III,IV,V,IV: Rs 1,212 per sq.ft (2024)
• Sri Ram Nagar: Rs 825 per sq.ft (2024)
• Srinivasan Avenue: Rs 1,650 per sq.ft (2024)
• Sri Guru Nagar: Rs 1,212 per sq.ft (2024)
• Sri Ganapathi Avenue: Rs 1,100 per sq.ft (2024)
• V.M. Garden: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukazhukundram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 further assistance.

Which Sub Registrar Office covers Thirukazhukundram Road?

The Sub Registrar Office that covers Thirukazhukundram 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 Melamaiyur

The guideline value plays a crucial role during the registration of property transactions in Melamaiyur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value helps ensure that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value serves as a benchmark for property prices in the area. Buyers and sellers can use this information to make informed decisions during negotiations and transactions. It is essential to refer to the latest guideline values to understand the current market scenario.

Frequently asked questions

What is the current guideline value of Thirukazhukundram Road?

The current guideline value of Thirukazhukundram Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 333 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 395%.

What are the other streets in Melamaiyur with their guideline values?

Other streets in Melamaiyur include Vasantham Nagar Extension I,II,III,IV,V,IV at Rs 1,212 per sq.ft, Sri Ram Nagar at Rs 825 per sq.ft, and Srinivasan Avenue at Rs 1,650 per sq.ft, among others.

What are the stamp duty and registration fees for property in Thirukazhukundram Road?

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 amount to Rs 1,48,500.

Which office handles the registration for Thirukazhukundram Road?

The Chengleput Joint I Sub Registrar Office handles the registration for Thirukazhukundram Road, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.