Guideline Value for Kulakarai street

Kulakarai street guideline value

The current guideline value of Kulakarai street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village, under the Selaiyur SRO, and is classified as Industries Special 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 2017 revision, the value was set at Rs 2,010 per sq.ft. With the latest revision in 2024, the value increased to Rs 3,300 per sq.ft, which reflects a change of +64% from the previous figure.

There are no figures available for Kulakarai street in the revisions for the years 2023, 2012, 2007, 2003, and 2002. Therefore, the only revisions that provide a guideline value are from 2017 and 2024.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Kulakarai street's 2024 value above this median.

• Kumaran Nagar: Rs 3,300 per sq.ft (2024)
• Lakshmi Sarathy Nagar: Rs 3,700 per sq.ft (2024)
• Maharajapuram: Rs 2,700 per sq.ft (2024)
• Maharaj Nagar: Rs 2,700 per sq.ft (2024)
• Kambar Street: Rs 2,200 per sq.ft (2024)
• Mambakkam Main Road: Rs 3,300 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 fees, 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 Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Vengaivasal

The guideline value is a crucial factor during the registration of property transactions in Vengaivasal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded accurately.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory charges that need to be paid during the registration process. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kulakarai street?

The current guideline value of Kulakarai street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,300 per sq.ft, reflecting a change of +64%.

Are there any revisions without figures for Kulakarai street?

Yes, there are no figures available for Kulakarai street in the revisions for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Vengaivasal?

The median guideline value for the 117 streets in Vengaivasal under the Selaiyur SRO is Rs 2,700 per sq.ft.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.