Guideline Value for KULLAPPA STREET (GRAMA NEDUNCHALAI 11TH CROSS STREET)

Kullappa Street (Grama Nedunchalai 11th Cross Street) guideline value

The current guideline value of Kullappa Street (Grama Nedunchalai 11th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Kullappa Street (Grama Nedunchalai 11th Cross Street) has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 2,200 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Kullappa Street (Grama Nedunchalai 11th Cross Street).

• Kulandai Yesu Christian Mayana Pathai Extension: Rs 1,100 per sq.ft (2024)
• Kulandai Yesu Christian Mayana Pathai: Rs 1,100 per sq.ft (2024)
• Kumaraguru Nagar: Rs 1,700 per sq.ft (2024)
• KUMARAN 4th CROSS STREET: Rs 3,300 per sq.ft (2024)
• Kudumiyandhi Thope Velu Naicker Street: Rs 2,200 per sq.ft (2024)
• Kudumiyandhi Thope School Street (Rajiv Gandhi Nagar Mayana Pathai Joint Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kullappa Street (Grama Nedunchalai 11th Cross Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making a total of Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kullappa Street (Grama Nedunchalai 11th Cross Street)?

The Sub Registrar Office that covers Kullappa Street (Grama Nedunchalai 11th Cross Street) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair price. This helps maintain transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Kullappa Street?

The current guideline value of Kullappa Street (Grama Nedunchalai 11th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 64% over this period.

What is the registration office for Kullappa Street?

The registration office for Kullappa Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees?

For a property valued at Rs 22,00,000 (1,000 sq.ft), the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find more information on stamp duty calculations?

You can find more information on stamp duty calculations using our stamp duty and registration fee calculator.