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Guideline Value

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Guideline Value for Kulakkarai Street (East) /Lane

₹1550/sq.ft.

The guideline value for Kulakkarai Street (east) /lane in Thirunageswaram village (Kunrathur SRO, Chennai zone) is Rs 1550 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunageswaram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1550 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kulakkarai Street (east) /lane

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Kulakkarai Street (East) /Lane guideline value

The current guideline value of Kulakkarai Street (East) /Lane is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Kulakkarai Street (East) /Lane has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. This figure decreased to Rs 938 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 1,400 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,550 per sq.ft in the 2024 revision, representing an 11% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The changes from 2017 to 2023 saw a substantial increase of 49%, while the change from 2023 to 2024 was an 11% increase.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,550 per sq.ft, which is equal to the 2024 figure for Kulakkarai Street (East) /Lane.

Stamp duty and registration fee for property in Kulakkarai Street (East) /Lane

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total fees together to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kulakkarai Street (East) /Lane?

The Sub Registrar Office that covers Kulakkarai Street (East) /Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirunageswaram. It is the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps determine the applicable fees and taxes. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Kulakkarai Street (East) /Lane?

The current guideline value of Kulakkarai Street (East) /Lane is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for Kulakkarai Street (East) /Lane?

The land classification for Kulakkarai Street (East) /Lane is Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kulakkarai Street (East) /Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kulakkarai Street (East) /Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 at 7%.