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 550 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 - II.

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

The guideline value for Kulakkarai Street Old has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, which represented a significant increase of 49% from the previous Rs 500 per sq.ft in 2012. The register has no figures for the years 2002, 2003, and 2007.

In summary, from the 2012 revision to 2024, the overall change in guideline value is an increase of 10%. Notably, the value decreased by 33% from 2012 to 2017 before rising again in subsequent years.

Guideline values in Peramanoor

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

• Kulakkarai Street Old (Ward -18): Rs 660 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 660 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• K.S.Puram Pambakal Street (Ward -15): Rs 550 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 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 guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. It is important to note that 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 information.

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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When properties are registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately in accordance with local regulations. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property transfer process.

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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49% from Rs 335 per sq.ft.

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

The land classification for Kulakkarai Street Old (Ward -15) is 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 the stamp duty calculated for properties in Kulakkarai Street Old (Ward -15)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 38,500.