Guideline Value for Kulakkarai Street

Kulakkarai Street guideline value

The current guideline value of Kulakkarai Street is Rs 1,075 per sq.ft, effective from 1 July 2024. This street is located in Sekkadu village, which falls under the jurisdiction of the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kulakkarai Street has changed

Since the 2012 revision, the guideline value has seen several changes. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,075 per sq.ft, an increase of 8% from the previous year.

It is important to note that there are no figures available for Kulakkarai Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, indicating that Kulakkarai Street's 2024 figure is below this median.

• Kumaran Nagar: Rs 1,075 per sq.ft (2024)
• Kinathangarai Street: Rs 1,075 per sq.ft (2024)
• Karthik Nagar: Rs 1,320 per sq.ft (2024)
• Kariyappa Nagar: Rs 1,075 per sq.ft (2024)
• Main Road: Rs 2,250 per sq.ft (2024)
• Mariyamman Koil Street Kudiyiruppu: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Kulakkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total to Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulakkarai Street?

The Sub Registrar Office that covers Kulakkarai Street is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial element in the property registration process in Sekkadu. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property in Sekkadu, the guideline value helps both buyers and sellers understand the legal and financial implications of the transaction. It is advisable to be aware of the current guideline value to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Kulakkarai Street?

The current guideline value of Kulakkarai Street is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the median guideline value for streets in Sekkadu?

The median guideline value for streets in Sekkadu is Rs 1,320 per sq.ft, which is higher than the current value of Kulakkarai Street.

What are the stamp duty and registration fees for a property in Kulakkarai Street?

For a property valued at Rs 10,75,000, the stamp duty would be Rs 75,250 and the registration fee would be Rs 21,500, totaling Rs 96,750.

Which office handles the registration for Kulakkarai Street?

The Avadi Sub Registrar Office handles the registration for Kulakkarai Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.