Guideline Value for Kulakkarai Street

Kulakkarai Street guideline value

The current guideline value of Kulakkarai Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam village under the Sriperumpudur SRO, classified as Residential Special Type - II.

How the guideline value of Kulakkarai Street has changed

Over the years, the guideline value of Kulakkarai Street has seen several revisions. The most recent revisions show that the guideline value was Rs 700 per sq.ft in both 2023 and 2024, indicating no change between these years. In contrast, the 2017 revision recorded a value of Rs 469 per sq.ft, reflecting a significant increase of 49% by 2023. Prior to that, in 2012, the value was also Rs 700 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for Kulakkarai Street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 700 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. Kulakkarai Street's 2024 guideline value is above this median.

• Kulanthaivelu Nagar: Rs 200 per sq.ft (2024)
• Kingsland Extension: Rs 700 per sq.ft (2024)
• Kings Land: Rs 700 per sq.ft (2024)
• Madha Koil Street Nedunsalai: Rs 300 per sq.ft (2024)
• Kannadapalayam Street: Rs 200 per sq.ft (2024)
• Manthoppu Street: 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 further assistance.

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

The guideline value is a crucial factor during property registration in Mevaloorkuppam. It determines the minimum price at which a property can be registered, ensuring that the transaction is reflected accurately in government records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures transparency and helps in maintaining a standard valuation for properties in the area.

Frequently asked questions

What is the current guideline value of Kulakkarai Street?

The current guideline value of Kulakkarai Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in 2023 and 2024, increased from Rs 469 per sq.ft in 2017, and was Rs 700 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Kulakkarai Street?

Kulakkarai Street is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kulakkarai Street located?

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