Guideline Value for KULAKKARAI STREET (WARD-21)

Kulakkarai Street (Ward-21) guideline value

The current guideline value of Kulakkarai Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Kulakkarai Street (Ward-21) has changed

Looking at the revisions, the guideline value for Kulakkarai Street (Ward-21) has seen several changes over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, and further rose to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. It is important to note that the register has no figures for Kulakkarai Street in the years 2002, 2003, and 2007.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Kulakkarai Street (Ward-21) is below this median.

• Kumaran 1st Street (Ward-20): Rs 880 per sq.ft (2024)
• Kumaran 2nd Street (Ward-20): Rs 880 per sq.ft (2024)
• Konathi Selliamman Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi 2nd Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi 1st Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• K.K.Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakkarai Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. 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 details.

Which Sub Registrar Office covers Kulakkarai Street (Ward-21)?

The Chengleput Joint II Sub Registrar Office covers Kulakkarai Street (Ward-21). The office is 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 Konathi

The guideline value is an essential factor during the registration of property transactions in Konathi. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kulakkarai Street (Ward-21)?

The current guideline value of Kulakkarai Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024. This represents an overall increase of 10% from 2012 to 2024, with significant fluctuations in between.

What is the land classification for Kulakkarai Street (Ward-21)?

Kulakkarai Street (Ward-21) is classified as Residential Class II Type - I. This classification is important for determining the permissible uses of the land.

Where can I find the registration office for Kulakkarai Street (Ward-21)?

The registration office for Kulakkarai Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Konathi?

Stamp duty for properties in Konathi is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.