Guideline Value for EAST KULAKKARAI STREET

East Kulakkarai Street guideline value

The current guideline value of East Kulakkarai Street is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of East Kulakkarai Street has changed

The guideline value for East Kulakkarai Street has seen several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which increased significantly to Rs 3,400 per sq.ft in 2012. However, this figure dropped to Rs 2,278 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 3,400 per sq.ft, and the most recent revision in 2024 has set it at Rs 3,700 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 517%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing East Kulakkarai Street's 2024 figure above that median.

• East Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)
• Egavaliyamman Koil Street: Rs 3,300 per sq.ft (2024)
• Egavalliamman Koil Street(Othavadai Street): Rs 3,300 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 3,300 per sq.ft (2024)
• Dr.Kalaignar Nagars/Cross Streets/Extension: Rs 1,900 per sq.ft (2024)
• Dr.Jayalalitha Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in East Kulakkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, bringing the total fees together to Rs 3,33,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Kulakkarai Street?

The Sub Registrar Office that covers East Kulakkarai Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of East Kulakkarai Street?

The current guideline value of East Kulakkarai Street is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 600 per sq.ft in 2007 to Rs 3,700 per sq.ft in 2024, marking an overall increase of 517%.

What are the other streets in Thiruvottiyur with guideline values?

Other streets in Thiruvottiyur include East Ellaiamman Koil Street, Egavaliyamman Koil Street, and others, with values ranging from Rs 1,900 to Rs 3,300 per sq.ft as of 2024.

What fees are associated with buying property in East Kulakkarai Street?

When purchasing property, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value, along with any applicable fees based on the sale price.

Where can I find the Sub Registrar Office for East Kulakkarai Street?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, which covers East Kulakkarai Street.