Guideline Value for Kulakarai 3rd Street

Kulakarai 3rd Street guideline value

The current guideline value of Kulakarai 3rd Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Kulakarai 3rd Street has changed

The guideline value for Kulakarai 3rd 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 value further rose to Rs 1,900 per sq.ft in 2023, reflecting a +49% increase from the previous revision. The latest revision in 2024 shows a guideline value of Rs 2,090 per sq.ft, which is a +10% increase from 2023.

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

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value among these streets is Rs 2,090 per sq.ft, which is equal to the 2024 guideline value of Kulakarai 3rd Street.

• Kulakarai 2nd Street: Rs 2,090 per sq.ft (2024)
• Kulakarai 1st 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 3rd 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, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kulakarai 3rd Street?

The Sub Registrar Office that covers Kulakarai 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Noombal, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kulakarai 3rd Street?

The current guideline value of Kulakarai 3rd Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 86 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, which is an overall increase of +2330%.

What are the other streets in Noombal with the same guideline value?

Other streets in Noombal that share the same guideline value of Rs 2,090 per sq.ft in 2024 include Kulakarai 1st Street, Kulakarai 2nd Street, and Krishna Nagar.

What is the registration fee for property in Kulakarai 3rd Street?

The registration fee for property in Kulakarai 3rd Street is calculated at 2% of the guideline value. For a property valued at Rs 20,90,000, the registration fee would be Rs 41,800.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can also find your SRO through the provided link.