Guideline Value for Kulakkarai Street

Kulakkarai Street guideline value

The current guideline value of Kulakkarai Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kannanthangal village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kulakkarai Street has changed

The guideline value for Kulakkarai Street has undergone several revisions over the years. In 2012, the value was set at Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 85%, bringing it back to Rs 100 per sq.ft, where it remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kulakkarai Street. Overall, from 2012 to 2024, the guideline value has increased by 25%, now standing at Rs 100 per sq.ft.

Guideline values in Kannanthangal

Kannanthangal village has a total of 22 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft. The median guideline value in the village is Rs 110 per sq.ft, indicating that Kulakkarai Street's current value is below this median.

• Mahidhara Supreme Elegant: Rs 900 per sq.ft (2024)
• Kambar Street: Rs 110 per sq.ft (2024)
• Kamaraj Street: Rs 110 per sq.ft (2024)
• Jeyandra Nagar: Rs 200 per sq.ft (2024)
• M.G.R.Street: Rs 110 per sq.ft (2024)
• Jesus Garden: Rs 200 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. Please note that 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Kannanthangal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kulakkarai Street?

The current guideline value of Kulakkarai Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remained the same in 2024.

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

Other streets in Kannanthangal include Mahidhara Supreme Elegant at Rs 900 per sq.ft, Kambar Street and Kamaraj Street at Rs 110 per sq.ft, and Jeyandra Nagar and Jesus Garden at Rs 200 per sq.ft.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Where is the Sub Registrar Office for Kulakkarai Street located?

The Sub Registrar Office for Kulakkarai Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.