Guideline Value for Kulakarai 2nd Street

Kulakarai 2nd Street guideline value

The current guideline value of Kulakarai 2nd Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Kulakarai 2nd Street has changed

The guideline value for Kulakarai 2nd Street has seen significant changes over the years. In the 2003 revision, the value was Rs 86 per sq.ft, which increased dramatically to Rs 1,273 per sq.ft in 2017, marking a change of +1380%. The 2023 revision set the value at Rs 1,900 per sq.ft, reflecting a +49% increase from the previous revision. The most recent 2024 revision has further raised the guideline value to Rs 2,090 per sq.ft, a +10% change from 2023.

It is important to note that there are no figures available for Kulakarai 2nd Street in the revisions of 2002, 2007, and 2012. Overall, from 2003 to 2024, the guideline value has increased by +2330%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Kulakarai 2nd Street.

• Kulakarai 1st Street: Rs 2,090 per sq.ft (2024)
• Kulakarai 3rd Street: Rs 2,090 per sq.ft (2024)
• Krishna Nagar: Rs 2,090 per sq.ft (2024)
• Kendiraya Vihar: Rs 4,290 per sq.ft (2024)
• Kaveri Nagar: Rs 1,100 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakarai 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, totaling Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kulakarai 2nd Street?

The Sub Registrar Office that covers Kulakarai 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration of property transactions in Noombal. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in determining the financial obligations related to the transaction, including the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Kulakarai 2nd Street?

The current guideline value of Kulakarai 2nd Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 86 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of +2330% over the years.

What are the stamp duty rates for property in Kulakarai 2nd Street?

The stamp duty for property in Kulakarai 2nd Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kulakarai 2nd Street?

The Sub Registrar Office for Kulakarai 2nd Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Kulakarai 2nd Street?

Kulakarai 2nd Street is classified as Residential Special Type - I under the guideline value register.