Guideline Value for Kulakarai Street 1st Street

Kulakarai Street 1st Street guideline value

The current guideline value of Kulakarai Street 1st Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kulakarai Street 1st Street has changed

According to the guideline value register, there are no figures available for Kulakarai Street 1st Street for the revisions in 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision in 2024 shows the guideline value as Rs 2,860 per sq.ft, with no changes reported between the revisions.

This indicates that the guideline value for Kulakarai Street 1st Street has remained consistent in its current figure since the latest revision, with no historical data available for previous years.

Guideline values in Anakaputhur

In Anakaputhur, there are a total of 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Kulakarai Street 1st Street's value above this median.

• Kulakarai Street: Rs 2,860 per sq.ft (2024)
• Kumaran Nagar: Rs 2,350 per sq.ft (2024)
• Kumaran Street / (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Kutty Nadar Street: Rs 1,760 per sq.ft (2024)
• Labour School Street: Rs 2,350 per sq.ft (2024)
• Labour School Street IIIrd Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakarai Street 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, 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, making the total fees together 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.

For more information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulakarai Street 1st Street?

The Sub Registrar Office that covers Kulakarai Street 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must consider the guideline value to ascertain the applicable fees. If the sale price is higher than the guideline value, the stamp duty is charged on the sale price instead, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kulakarai Street 1st Street?

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

How has the guideline value changed over the years?

There are no figures available for Kulakarai Street 1st Street for the revisions in 2023, 2017, 2012, 2007, 2003, and 2002. The most recent figure is from the 2024 revision, which is Rs 2,860 per sq.ft.

What is the median guideline value in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft. Kulakarai Street 1st Street's value of Rs 2,860 per sq.ft is above this median.

What are the stamp duty and registration fees for a property in Kulakarai Street 1st Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 2,00,200, and the registration fee would be Rs 57,200, adding up to Rs 2,57,400.

Where is the Sub Registrar Office for Kulakarai Street 1st Street located?

The Sub Registrar Office for Kulakarai Street 1st Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.