Guideline Value for KULAKKARAI STREET (WARD -17)

Kulakkarai Street (Ward -17) guideline value

The current guideline value of Kulakkarai Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kulakkarai Street (Ward -17) has changed

Looking at the revisions over the years, the guideline value for Kulakkarai Street (Ward -17) has seen several changes. The 2012 revision set the value at Rs 600 per sq.ft, which then dropped to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 600 per sq.ft. The most recent revision in 2024 has further increased the value by 10% to Rs 660 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value across these streets is Rs 1,100 per sq.ft, indicating that Kulakkarai Street's 2024 figure is below this median.

• Kulakkarai Street Old (Ward -18): Rs 660 per sq.ft (2024)
• Kulakkarai Street Old (Ward -15): Rs 550 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• K.S.Puram Pambakal Street (Ward -15): Rs 550 per sq.ft (2024)
• Krishtappa Street (Ward -17): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakkarai Street (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that 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 more details.

Which Sub Registrar Office covers Kulakkarai Street (Ward -17)?

The Sub Registrar Office that covers Kulakkarai Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the applicable fees. This value is essential for both parties to understand, as it influences the overall cost of the transaction and the legal obligations involved.

Frequently asked questions

What is the current guideline value of Kulakkarai Street (Ward -17)?

The current guideline value of Kulakkarai Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Kulakkarai Street (Ward -17)?

The land classification for Kulakkarai Street (Ward -17) is Residential Class II Type - I.

What are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Kulakkarai Street Old (Ward -18) at Rs 660 per sq.ft, Kulakkarai Street Old (Ward -15) at Rs 550 per sq.ft, and Kumaragurubarar Street (Ward -4) and Kumaranar Street (Ward -5) both at Rs 1,320 per sq.ft in 2024.

Where is the Sub Registrar Office located for Kulakkarai Street (Ward -17)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.