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 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

Over the years, the guideline value for Kulakkarai Street Old has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. In the subsequent 2023 revision, the value rose to Rs 600 per sq.ft, and finally, the current 2024 revision has increased it to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, bringing it back up to the level seen in 2012. Overall, from 2012 to 2024, the value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which means that the 2024 guideline value of Kulakkarai Street Old is below this median.

• Kulakkarai Street Old (Ward -18): Rs 660 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• K.S.Puram Pambakal Street (Ward -15): Rs 440 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Krishtappa Street (Ward -17): Rs 660 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 rate of Rs 660 per sq.ft, the 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, leading to a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

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, 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 Ninna Karai

The guideline value is a critical factor during the registration of property transactions in Ninna Karai. It serves as a baseline for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

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 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 back 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 Old?

The land classification for Kulakkarai Street Old (Ward -15) is Residential Class I Type - III.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, which is above the current guideline value of Kulakkarai Street Old.

Where is the Chengleput Joint II Sub Registrar Office located?

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