Guideline Value for Kulakkarai Street

Kulakkarai Street guideline value

The current guideline value of Kulakkarai Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mannoor village under the Sriperumpudur SRO and falls under Residential Class III Type - I land classification.

How the guideline value of Kulakkarai Street has changed

The guideline value for Kulakkarai Street has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. In the 2024 revision, the value returned to Rs 200 per sq.ft, reflecting no change from the previous year, 2023.

It is important to note that there are no figures available for Kulakkarai Street in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable, showing a 0% change.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value in Mannoor is Rs 250 per sq.ft, placing Kulakkarai Street's value below this median.

• Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Karthik Nagar: Rs 250 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)
• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Jeyalaxmi Nagar: Rs 300 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. It is important to 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 Mannoor

The guideline value plays a crucial role in the registration process of property transactions in Mannoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

Frequently asked questions

What is the current guideline value of Kulakkarai Street?

The current guideline value of Kulakkarai Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kulakkarai Street has remained stable at Rs 200 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the median guideline value in Mannoor?

The median guideline value in Mannoor is Rs 250 per sq.ft, which is higher than the current value of Kulakkarai Street.

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

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, resulting in a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Kulakkarai Street?

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