Guideline Value for Kulakarai Street

Kulakarai Street guideline value

The current guideline value of Kulakarai Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kulakarai Street has changed

The guideline value for Kulakarai Street has undergone several revisions over the years. In 2002, the value was Rs 146 per sq.ft, which increased to Rs 180 per sq.ft in 2003, marking a 23% rise. The value then saw a modest increase of 11% to reach Rs 200 per sq.ft in 2007. A significant jump occurred in 2012 when the value rose to Rs 2,500 per sq.ft, reflecting a 1,150% increase. However, this was followed by a decrease of 33% to Rs 1,675 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 2,500 per sq.ft. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an 8% increase from the previous year. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, making the 2024 guideline value of Kulakarai Street above this median.

• Kuel pattu Street (Srisakthi Nagar): Rs 2,400 per sq.ft (2024)
• Kumaran Nagar: Rs 990 per sq.ft (2024)
• Krishnan Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Kumaran Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Krishna Nagar: Rs 2,000 per sq.ft (2024)
• Kurinji Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, resulting in a total cost of Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kulakarai Street?

The Sub Registrar Office that covers Kulakarai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and in compliance with local regulations. Buyers and sellers should always refer to the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kulakarai Street?

The current guideline value of Kulakarai Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 146 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 1,749% across the revisions.

What is the land classification for Kulakarai Street?

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

What are the other streets in Thirumullaivoyal with their guideline values?

Other streets in Thirumullaivoyal include Kuel pattu Street (Srisakthi Nagar) at Rs 2,400 per sq.ft, Kumaran Nagar at Rs 990 per sq.ft, and several others, with values ranging from Rs 880 to Rs 5,500 per sq.ft.

Where is the Sub Registrar Office for Kulakarai Street located?

The Sub Registrar Office for Kulakarai Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.