Guideline Value for KULAKARAI STREET

Kulakarai Street guideline value

The current guideline value of Kulakarai Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Kulakarai Street has changed

The guideline value for Kulakarai Street has remained at Rs 350 per sq.ft since the 2023 revision, which also recorded the same value. Prior to this, the 2017 revision set the value at Rs 234 per sq.ft, marking a 50% increase from 2017 to 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The consistent value of Rs 350 per sq.ft in both 2023 and 2024 indicates stability in the guideline value for this street.

Guideline values in Pudupet

In Pudupet village, there are 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft, with a median value of Rs 350 per sq.ft. Kulakarai Street's 2024 guideline value aligns with this median.

• Kollapuriyamman Koilstreet: Rs 500 per sq.ft (2024)
• K.K. Nagar: Rs 200 per sq.ft (2024)
• Madam Street: Rs 500 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)
• Meyanstreet: Rs 126 per sq.ft (2024)
• Munireddykandigai: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total cost for these fees to Rs 31,500. 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 more information.

Which Sub Registrar Office covers Kulakarai Street?

The Sub Registrar Office that covers Kulakarai Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved in the transaction. It is essential to consider the guideline value when planning a property purchase or sale in this area.

Frequently asked questions

What is the current guideline value of Kulakarai Street?

The current guideline value of Kulakarai Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2023 revision. It was Rs 234 per sq.ft in the 2017 revision, indicating a 50% increase from 2017 to 2023 and from 2017 to 2024.

What are the guideline values of other streets in Pudupet?

The guideline values of other streets in Pudupet range from Rs 102 to Rs 600 per sq.ft. Kulakarai Street's value of Rs 350 per sq.ft is equal to the median value of the 2024 figures.

What are the stamp duty and registration fees for properties in Kulakarai Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 3,50,000. The total stamp duty and registration fees would amount to Rs 31,500.

Where is the Sub Registrar Office for Kulakarai Street located?

The Sub Registrar Office covering Kulakarai Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.