Guideline Value for Kulakarai IInd Street

Kulakarai IInd Street guideline value

The current guideline value of Kulakarai IInd Street is Rs 700 per sq.ft. This street is located in Thirumangalam village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Kulakarai IInd Street has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This remained unchanged in the subsequent revisions of 2017 and 2023. In 2017, the value was Rs 469 per sq.ft, indicating a decrease of 33% from the 2012 figure. From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 700 per sq.ft.

The current guideline value, effective from 1 July 2024, is also Rs 700 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumangalam

Thirumangalam village has a total of 42 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 250 to Rs 2,000 per sq.ft. The median guideline value in the village is Rs 605 per sq.ft, making the 2024 figure of Kulakarai IInd Street above that median.

• Kulakarai Ist street: Rs 700 per sq.ft (2024)
• Kuravar Street: Rs 605 per sq.ft (2024)
• Kent Grdern: Rs 2,000 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 800 per sq.ft (2024)
• Malai Matha Nagar: Rs 605 per sq.ft (2024)
• Mettu Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakarai IInd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulakarai IInd Street?

The Sub Registrar Office that covers Kulakarai IInd Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Thirumangalam. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is crucial for calculating stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kulakarai IInd Street?

The current guideline value of Kulakarai IInd Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with significant changes from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and 2024. The 2012 revision also set the value at Rs 700 per sq.ft.

What is the land classification for Kulakarai IInd Street?

Kulakarai IInd Street is classified as Residential Special Type - II, indicating its designation for residential purposes.

What other streets are in Thirumangalam?

Thirumangalam has several other streets with varying guideline values. For example, Kulakarai Ist street and Mahalakshmi Nagar both have guideline values of Rs 700 and Rs 800 per sq.ft, respectively.

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

The Sub Registrar Office for Kulakarai IInd Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details online.