Guideline Value for Kulakkarai Street

Kulakkarai Street guideline value

The current guideline value of Kulakkarai Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Sigadivakkam village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kulakkarai Street has changed

In the 2012 revision, the guideline value for Kulakkarai Street was Rs 180 per sq.ft. This figure decreased to Rs 121 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then increased significantly to Rs 181 per sq.ft in the 2023 revision, representing a 50% rise. The guideline value remained unchanged at Rs 181 per sq.ft in the 2024 revision, indicating no percentage change from the previous year.

There are no registered figures for Kulakkarai Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Sigadivakkam

In Sigadivakkam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 226 per sq.ft, making the 2024 figure for Kulakkarai Street below that median.

• Kancheepuram Cheenai Road: Rs 500 per sq.ft (2024)
• Kamachiamman Nagar: Rs 226 per sq.ft (2024)
• Mettu street: Rs 181 per sq.ft (2024)
• Palla street: Rs 181 per sq.ft (2024)
• Bangalore Main Road: Rs 500 per sq.ft (2024)
• Bangalore Hihghway Hitech City: Rs 181 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 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty, calculated at 7%, would amount to Rs 12,670, while the registration fee at 2% would be Rs 3,620, bringing the total to Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Sigadivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as determined by the Registration Department. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Kulakkarai Street?

The current guideline value of Kulakkarai Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 181 per sq.ft from 2023 to 2024. It increased from Rs 121 per sq.ft in 2017 to Rs 181 per sq.ft in 2023, marking a 50% rise.

What is the land classification for Kulakkarai Street?

Kulakkarai Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670 at a rate of 7%.