Guideline Value for Kulakarai Street

Kulakarai Street guideline value

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

How the guideline value of Kulakarai Street has changed

The guideline value for Kulakarai Street has seen significant changes over the years. In the 2003 revision, the value was Rs 271 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking an 11% increase. Unfortunately, there are no figures available for the years 2002, 2012, 2017, and 2023.

From 2007 to the latest revision in 2024, the guideline value surged to Rs 2,860 per sq.ft, representing an increase of 853%. Overall, from 2003 to 2024, the guideline value has risen by 955%.

Guideline values in Anakaputhur

In Anakaputhur, there are 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 value for these streets is Rs 1,980 per sq.ft, placing Kulakarai Street's 2024 figure above this median.

• Kulakarai Street 1st 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, resulting in a total of Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kulakarai Street?

The Sub Registrar Office that covers Kulakarai 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 is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must declare the sale price, and the stamp duty will be calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kulakarai Street?

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

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly from Rs 271 per sq.ft to Rs 2,860 per sq.ft in 2024, which is an overall increase of 955%.

What is the land classification of Kulakarai Street?

Kulakarai Street is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

Where is the Pammal Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,60,000, the total fees would include a stamp duty of Rs 2,00,200 and a registration fee of Rs 57,200.