Guideline Value for KULAKKARI ST

Kulakkari St guideline value

The current guideline value of Kulakkari St in Paruthipattu village is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Kulakkari St has changed

In the 2012 revision, the guideline value for Kulakkari St was Rs 900 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 603 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, marking a 49% rise. The 2024 revision reflects a further increase to Rs 950 per sq.ft, which is a 6% rise from the previous year.

It is important to note that there are no figures available for Kulakkari St in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Kulakkari St is below this median.

• K.S.R. Nagar: Rs 950 per sq.ft (2024)
• K.S.R. Garden: Rs 950 per sq.ft (2024)
• Kumaran Nagar 5th Cross St: Rs 1,625 per sq.ft (2024)
• Kumaran Nagar 6th Cross St: Rs 1,320 per sq.ft (2024)
• Kumaran Nagar 7th Cross St: Rs 1,320 per sq.ft (2024)
• Kumaran Nagar 8th Cross St: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakkari St

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kulakkari St?

The Sub Registrar Office that covers Kulakkari St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Paruthipattu. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value to avoid any discrepancies during registration. The guideline value helps in determining the financial obligations associated with the transaction, including taxes and fees.

Frequently asked questions

What is the current guideline value of Kulakkari St?

The current guideline value of Kulakkari St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Kulakkari St has seen various changes, with the most recent increase from Rs 900 per sq.ft in 2023 to Rs 950 per sq.ft in 2024, a 6% rise. Overall, from 2012 to 2024, the value has increased by 6%.

What is the land classification for Kulakkari St?

Kulakkari St is classified as Residential Class II Type - I under the Avadi SRO.

What are the other streets in Paruthipattu with similar guideline values?

Other streets in Paruthipattu with similar guideline values include K.S.R. Nagar and K.S.R. Garden, both at Rs 950 per sq.ft. Other streets vary in value, with some reaching up to Rs 1,625 per sq.ft.

Where can I find the Sub Registrar Office for Kulakkari St?

The Avadi Sub Registrar Office covers Kulakkari St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.