Guideline Value for KULAKARAI ST

Kulakarai St guideline value

The current guideline value of Kulakarai St in Ammayarkuppam village is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Commercial Class I Type - II.

How the guideline value of Kulakarai St has changed

The guideline value for Kulakarai St has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased to Rs 260 per sq.ft in 2012. However, it dropped to Rs 174 per sq.ft in 2017. The most recent revisions in 2023 and 2024 both set the value at Rs 260 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The value remained unchanged from 2023 to 2024, while the overall change from 2007 to 2024 reflects a 73% increase.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO with a 2024 guideline value ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, which matches the 2024 figure for Kulakarai St.

• Kumaran Street: Rs 260 per sq.ft (2024)
• K.P.N. Kandigai Harijana Colony: Rs 150 per sq.ft (2024)
• K.P.N. Kandigai Arunthathi Colony: Rs 150 per sq.ft (2024)
• Koil Street: Rs 260 per sq.ft (2024)
• L.N. Koil Street: Rs 260 per sq.ft (2024)
• Kanniamman Koil St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakarai St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,60,000. The stamp duty at 7% amounts to Rs 18,200, and the registration fee at 2% is Rs 5,200, totaling Rs 23,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kulakarai St?

The Sub Registrar Office covering Kulakarai St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Ammayarkuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kulakarai St?

The current guideline value of Kulakarai St is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and has remained at Rs 260 per sq.ft in both 2023 and 2024.

What is the land classification for Kulakarai St?

Kulakarai St is classified as Commercial Class I Type - II under the current guidelines.

Where can I find the registration office for Kulakarai St?

The registration office for Kulakarai St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303.

How is the stamp duty calculated for properties in Kulakarai St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,60,000, the stamp duty at 7% would be Rs 18,200.