Guideline Value for West Kulam Street

West Kulam Street guideline value

The current guideline value of West Kulam Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of West Kulam Street has changed

The guideline value for West Kulam Street has remained consistent at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, indicating no change. In the previous revision, 2017, the guideline value was Rs 268 per sq.ft, which shows a significant increase of 49% to the current rate.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of West Kulam Street is below this median.

• West Street Mangalam: Rs 400 per sq.ft (2024)
• wahab Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C.Nagar: Rs 600 per sq.ft (2024)
• Vellazhar Street: Rs 600 per sq.ft (2024)
• Varasithi Vinayagar Koil Street: Rs 400 per sq.ft (2024)
• Vaniyar Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in West Kulam Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers West Kulam Street?

The Sub Registrar Office that covers West Kulam Street is 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 Thirukalukundrem A

The guideline value is a crucial factor when registering property transactions in Thirukalukundrem A. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of West Kulam Street?

The current guideline value of West Kulam Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024. From 2017 to 2023, it increased by 49% from Rs 268 per sq.ft.

What is the land classification for West Kulam Street?

West Kulam Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for West Kulam Street?

The Sub Registrar Office for West Kulam Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in West Kulam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000.