Guideline Value for Kulakarai Street / Lakshmipuram

Kulakarai Street / Lakshmipuram guideline value

The current guideline value of Kulakarai Street / Lakshmipuram is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Kulakarai Street / Lakshmipuram has changed

Over the years, the guideline value of Kulakarai Street / Lakshmipuram has seen significant changes. The earliest recorded figure is from 2003, where the guideline value was Rs 312 per sq.ft. This increased to Rs 810 per sq.ft in 2007, marking a change of +160%. By 2017, the value rose to Rs 1,742 per sq.ft, representing a +115% increase from the previous revision. The 2023 revision set the value at Rs 2,600 per sq.ft, which was a +49% increase from 2017. The current guideline value for 2024 is Rs 2,860 per sq.ft, reflecting a +10% change from 2023.

There are no recorded figures for Kulakarai Street / Lakshmipuram in the revisions for 2012 and 2002. Overall, from 2003 to 2024, the guideline value has increased by +817%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value in this area is Rs 2,420 per sq.ft, positioning Kulakarai Street / Lakshmipuram above that median.

• Kulakarai 4th Cross Street: Rs 2,420 per sq.ft (2024)
• Kulakarai 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Kulakarai 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Kulakarai 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Kula Street: Rs 2,200 per sq.ft (2024)
• Krishnan Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakarai Street / Lakshmipuram

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kulakarai Street / Lakshmipuram?

The Sub Registrar Office that covers Kulakarai Street / Lakshmipuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable duties. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kulakarai Street / Lakshmipuram?

The current guideline value of Kulakarai Street / Lakshmipuram is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 312 per sq.ft in 2003 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of +817% over this period.

What other streets have guideline values in Thiruneermalai?

Other streets in Thiruneermalai include Kulakarai 4th Cross Street, Kulakarai 3rd Cross Street, Kulakarai 2nd Cross Street, Kulakarai 1st Cross Street, Kula Street, and Krishnan Koil Street, with values ranging from Rs 2,200 to Rs 2,420 per sq.ft in 2024.

What is the stamp duty for property in Kulakarai Street / Lakshmipuram?

The stamp duty for property in Kulakarai Street / Lakshmipuram is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200.

Which office handles property registrations for Kulakarai Street / Lakshmipuram?

The Pammal Sub Registrar Office is responsible for property registrations in Kulakarai Street / Lakshmipuram, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.