Guideline Value for Kulakkarai Street

Kulakkarai Street guideline value

The current guideline value of Kulakkarai Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Sriperumpudur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Kulakkarai Street has changed

In the 2012 revision, the guideline value for Kulakkarai Street was Rs 300 per sq.ft. This remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% rise. However, from 2023 to 2024, there was no change, maintaining the guideline value at Rs 300 per sq.ft.

The register does not contain figures for the years 2002, 2003, and 2007 for Kulakkarai Street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Thandalam

In Thandalam village, there are 36 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. Kulakkarai Street's 2024 guideline value is below this median.

• Keevalore Road: Rs 505 per sq.ft (2024)
• Main Road: Rs 700 per sq.ft (2024)
• Mariyamman Koil Street: Rs 505 per sq.ft (2024)
• Iyra Anandham: Rs 1,750 per sq.ft (2024)
• High School Street: Rs 400 per sq.ft (2024)
• Globus Sakthi Enclave: Rs 800 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at a rate of 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the stamp 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the state revenue is adequately collected based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Kulakkarai Street?

The current guideline value of Kulakkarai Street is Rs 300 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 at Rs 300 per sq.ft from 2012 to 2024, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification for Kulakkarai Street?

Kulakkarai Street is classified as Residential Class III Type - I, which indicates its use for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Which office handles the registration for Kulakkarai Street?

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