Guideline Value for KULMAHAL STREET

Kulmahal Street guideline value

The current guideline value of Kulmahal Street in Kakkalur village, under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - III.

How the guideline value of Kulmahal Street has changed

Looking at the revisions, the guideline value for Kulmahal Street has seen several changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 625 per sq.ft in 2012. However, it then decreased to Rs 419 per sq.ft in 2017. The value remained stable at Rs 626 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From 2017 to 2023, there was a significant increase of 49%. The jump from 2007 to 2012 was notable at +213%, but the overall change from 2007 to 2024 is also +213%, reflecting the consistent value of Rs 626 per sq.ft in the latest revisions.

Guideline values in Kakkalur

In Kakkalur village, there are 133 streets under the Tiruvallur Joint 1 SRO, with a 2024 guideline value range from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is the same as the 2024 value for Kulmahal Street.

• Kundumalli Street: Rs 626 per sq.ft (2024)
• Kungumapoo Steet: Rs 626 per sq.ft (2024)
• Kuruni Poo Street: Rs 626 per sq.ft (2024)
• Kuvalai Malai Street: Rs 626 per sq.ft (2024)
• Kowsalya Nagar: Rs 626 per sq.ft (2024)
• Maaveeran Durai Samy Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Kulmahal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total fees to Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulmahal Street?

The Sub Registrar Office that covers Kulmahal Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kakkalur. It is the basis for calculating stamp duty and registration fees, which are mandatory charges for property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, as it is determined by the government based on various factors. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Kulmahal Street?

The current guideline value of Kulmahal Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, reflecting an overall increase of 213% over the years.

What is the land classification for Kulmahal Street?

Kulmahal Street is classified as Residential Class II Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kulmahal Street?

The Sub Registrar Office for Kulmahal Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 626 per sq.ft, the total fees would amount to Rs 56,340.