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 Vallancheri 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-21) has changed

Over the years, the guideline value of Kulakkarai Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then changed to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, followed by another increase to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% rise.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 825 per sq.ft, placing Kulakkarai Street's 2024 figure below that 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)
• Lancor Uds: Rs 1,980 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 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 to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Kulakkarai Street (Ward-21) 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 details.

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

The guideline value plays a crucial role in the registration of property transactions in Vallancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential to complete the registration process and are based on the higher of the guideline value or the sale price of the property.

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 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 are the other streets in Vallancheri with their guideline values?

Other streets in Vallancheri include Kumaran 1st Street and Kumaran 2nd Street, both at Rs 880 per sq.ft, and several streets in Ward-21, including Konathi Selliamman Koil Street, Konathi 2nd Cross Street, and Konathi 1st Cross Street, all at Rs 660 per sq.ft.

What fees apply when registering a property on Kulakkarai Street?

The fees for registering a property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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