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 Mummalpattu village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kulakkarai Street has changed

Over the years, the guideline value of Kulakkarai Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2024 revision. In 2017, the guideline value was Rs 134 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The value then increased by 49% to Rs 200 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

The revisions for the years 2002, 2003, and 2007 have no figures listed for Kulakkarai Street in the register. Overall, from 2012 to 2024, the guideline value has remained at Rs 200 per sq.ft, indicating stability in the recent revisions.

Guideline values in Mummalpattu

In Mummalpattu, the guideline values are consistent across different streets. Kulakkarai Street currently has a guideline value of Rs 200 per sq.ft. Below are the other streets in Mummalpattu under the Sunguvarchattram SRO:

• Baskar Avenue: 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 together 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.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulakkarai Street?

The Sub Registrar Office that covers Kulakkarai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Mummalpattu. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures that the property is registered at the correct value, which is necessary for legal and taxation purposes.

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 has remained at Rs 200 per sq.ft since the 2012 revision, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What is the stamp duty rate for properties in Kulakkarai Street?

The stamp duty rate for properties in Kulakkarai Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kulakkarai Street located?

The Sub Registrar Office for Kulakkarai Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that properties are registered at the correct value for legal and taxation purposes.