Guideline Value for Devaraj Kulakarai Street

Devaraj Kulakarai Street guideline value

The current guideline value of Devaraj Kulakarai Street is Rs 250 per sq.ft. This street is located in Karasangal village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Devaraj Kulakarai Street has changed

Looking at the historical revisions, the guideline value for Devaraj Kulakarai Street was Rs 250 per sq.ft in 2024 and 2023. There was no change between these two revisions, indicating a stable value. Prior to that, in 2017, the guideline value was Rs 167 per sq.ft, which represented a 50% increase from the previous revision in 2012, where it was Rs 250 per sq.ft. The 2012 revision marked a decrease of 33% from the 2017 figure.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, making the guideline value for Devaraj Kulakarai Street lower than the median.

• City Lando Avenue: Rs 800 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 100 per sq.ft (2024)
• Dr. Ramdoss Street: Rs 250 per sq.ft (2024)
• Elumalai Nayagar Street: Rs 250 per sq.ft (2024)
• Brindhavan Garden: Rs 1,875 per sq.ft (2024)
• Bhasyam Ayyankar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Devaraj Kulakarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. 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 precise calculations.

Which Sub Registrar Office covers Devaraj Kulakarai Street?

The Sub Registrar Office that covers Devaraj Kulakarai Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Karasangal, as it is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers to consider the guideline value when negotiating property prices, as it can influence the overall cost of the transaction, including additional fees and taxes.

Frequently asked questions

What is the current guideline value of Devaraj Kulakarai Street?

The current guideline value of Devaraj Kulakarai Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in 2024 and 2023, while it was Rs 167 per sq.ft in 2017. There was a 50% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017.

What is the land classification for Devaraj Kulakarai Street?

Devaraj Kulakarai Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Devaraj Kulakarai Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Karasangal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a total guideline value of Rs 2,50,000, leading to a stamp duty of Rs 17,500.