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 the village of Pillaippakkam-A under the Sriperumpudur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Kulakkarai Street has changed

In the 2017 revision, the guideline value for Kulakkarai Street was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The most recent revision in 2024 has kept the guideline value at Rs 200 per sq.ft, resulting in a 49% increase from the 2017 figure to the current value.

It is important to note that there are no figures available for Kulakkarai Street in the revisions from 2002, 2003, 2007, and 2012. The guideline value has not changed from 2023 to 2024, remaining at Rs 200 per sq.ft.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Kulakkarai Street's 2024 figure below this median.

• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Kammalar Nagar: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Joy Garden: Rs 400 per sq.ft (2024)
• Jasmine Nagar: Rs 200 per sq.ft (2024)
• Neelakanda Siva Nagar: 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 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, bringing the total fees to Rs 18,000. 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 more detailed calculations.

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 Pillaippakkam-A

The guideline value plays a crucial role during the registration process when buying or selling property in Pillaippakkam-A. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in accordance with the prevailing rates set by the Registration Department.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 134 per sq.ft to Rs 200 per sq.ft in the 2024 revision. There has been no change from the 2023 to the 2024 revision.

What is the median guideline value for streets in Pillaippakkam-A?

The median guideline value for streets in Pillaippakkam-A is Rs 300 per sq.ft. Kulakkarai Street's 2024 figure is below this median.

What fees are associated with property transactions in Kulakkarai Street?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kulakkarai Street?

The Sub Registrar Office for Kulakkarai Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registrations for properties in the area.