Guideline Value for Kulakarai 4th Street

Kulakarai 4th Street guideline value

The current guideline value of Kulakarai 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Kulakarai 4th Street has changed

The guideline value for Kulakarai 4th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 2,010 per sq.ft, reflecting a significant increase of 49% from the previous figure of Rs 3,000 per sq.ft in 2012. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The fluctuation in values shows a decrease of 33% from 2012 to 2017, followed by a substantial rise in subsequent years.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the guideline value of Kulakarai 4th Street.

• Kulakarai 3rd Street: Rs 3,300 per sq.ft (2024)
• Kulakarai Main Road: Rs 3,300 per sq.ft (2024)
• Kulakkarai 1st Street: Rs 3,300 per sq.ft (2024)
• Kulakkarai 2nd Street: Rs 3,300 per sq.ft (2024)
• K.R.S. Nagar: Rs 2,200 per sq.ft (2024)
• Krishna Nagar Main Rd: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakarai 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 Kulakarai 4th Street?

The Sub Registrar Office that covers Kulakarai 4th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tambaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for property transactions, helping to maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Kulakarai 4th Street?

The current guideline value of Kulakarai 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, with various revisions in between, including Rs 3,000 per sq.ft in 2023 and 2012.

What is the median guideline value in Tambaram?

The median guideline value in Tambaram is Rs 3,300 per sq.ft, which is the same as the guideline value for Kulakarai 4th Street.

What are the stamp duty and registration fees for properties in Kulakarai 4th Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Kulakarai 4th Street located?

The Sub Registrar Office for Kulakarai 4th Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.