Guideline Value for Adiparasakthi Nagar Kulakkarai Street

Adiparasakthi Nagar Kulakkarai Street guideline value

The current guideline value of Adiparasakthi Nagar Kulakkarai Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kaduvancheri village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Adiparasakthi Nagar Kulakkarai Street has changed

The guideline value for Adiparasakthi Nagar Kulakkarai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was adjusted to Rs 201 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision maintains this value at Rs 300 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 300 per sq.ft.

Guideline values in Kaduvancheri

Kaduvancheri village has a total of 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value across these streets is Rs 300 per sq.ft, which is equal to the 2024 guideline value for Adiparasakthi Nagar Kulakkarai Street.

• Adiparasakthi Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Madha Koil Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Pradhana Salai: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 1st Street: Rs 300 per sq.ft (2024)
• Alwin Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Adiparasakthi Nagar Kulakkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on the fees applicable to your property transaction.

Which Sub Registrar Office covers Adiparasakthi Nagar Kulakkarai Street?

The Sub Registrar Office that covers Adiparasakthi Nagar Kulakkarai Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kaduvancheri

The guideline value is a crucial factor when registering property transactions in Kaduvancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of ownership.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar Kulakkarai Street?

The current guideline value of Adiparasakthi Nagar Kulakkarai Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a dip to Rs 201 per sq.ft in 2017 before rising back to Rs 300 per sq.ft in 2023.

Which Sub Registrar Office covers this area?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, covers Adiparasakthi Nagar Kulakkarai Street.

How is the stamp duty calculated for properties here?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property valued at Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.

What are the other streets in Kaduvancheri with similar guideline values?

Other streets in Kaduvancheri with a guideline value of Rs 300 per sq.ft include Adiparasakthi Nagar 3rd Street, Adiparasakthi Nagar Madha Koil Street, Adiparasakthi Nagar 2nd Street, Adiparasakthi Nagar Pradhana Salai, and Adiparasakthi Nagar 1st Street.