Guideline Value for KULAKKARAI STREET OLD (WARD -15)

Kulakkarai Street Old (Ward -15) guideline value

The current guideline value of Kulakkarai Street Old (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Kulakkarai Street Old (Ward -15) has changed

The guideline value for Kulakkarai Street Old (Ward -15) has seen several revisions over the years. The current figure of Rs 440 per sq.ft represents an increase from Rs 400 per sq.ft in the 2023 revision, marking a change of +10%. Prior to that, the 2017 revision set the value at Rs 268 per sq.ft, indicating a significant rise of +49% from 2017 to 2023. The 2012 revision also had a value of Rs 400 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Therefore, the earliest recorded value is from the 2012 revision at Rs 400 per sq.ft.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Kulakkarai Street Old (Ward -15) below that median.

• Kulakkarai Street Old (Ward -18): Rs 550 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• K.S.Puram Pambakal Street (Ward -15): Rs 440 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Krishtappa Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakkarai Street Old (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, making the total fees together Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kulakkarai Street Old (Ward -15)?

The Sub Registrar Office that covers Kulakkarai Street Old (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. This ensures that the government receives its due revenue from property transactions.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall cost of the transaction. Buyers and sellers should be aware of the current rates to make informed decisions regarding their property dealings.

Frequently asked questions

What is the current guideline value of Kulakkarai Street Old (Ward -15)?

The current guideline value of Kulakkarai Street Old (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification for Kulakkarai Street Old (Ward -15)?

Kulakkarai Street Old (Ward -15) is classified as Residential Class II Type - II.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.