Guideline Value for Thirukula Street

Thirukula Street guideline value

The current guideline value of Thirukula Street in Mamallapuram village is Rs 1,325 per sq.ft, effective from 1 July 2024. This street falls under the Thirukazhukundram SRO and is classified as Mixed Type - II land.

How the guideline value of Thirukula Street has changed

The guideline value for Thirukula Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. The value increased significantly to Rs 1,200 per sq.ft in 2023, and most recently, it rose to Rs 1,325 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. Overall, when comparing the 2012 and 2024 figures, there has been a 10% increase in the guideline value. This indicates fluctuations in the guideline value over the years, influenced by various factors.

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. The median value for these streets is Rs 935 per sq.ft, placing Thirukula Street above this median.

• Thirukulam 1st Street: Rs 1,210 per sq.ft (2024)
• Thirukalukundram Salai 6st Cross Street: Rs 1,215 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Thirukula Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, resulting in a total of Rs 1,19,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirukula Street?

The Thirukula 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 plays a crucial role during the registration of property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed alongside the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price to ensure that the transaction reflects its true market value.

Frequently asked questions

What is the current guideline value of Thirukula Street?

The current guideline value of Thirukula Street is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the land classification for Thirukula Street?

Thirukula Street is classified as Mixed Type - II land under the guideline value register.

What are the stamp duty and registration fees for properties on Thirukula Street?

For a property valued at Rs 13,25,000, the stamp duty would be Rs 92,750, and the registration fee would be Rs 26,500, totaling Rs 1,19,250.

Where can I find the Sub Registrar Office for Thirukula Street?

The Sub Registrar Office that covers Thirukula Street is located at Thiruchengode - 637 211, Chengalpattu registration zone.