Guideline Value for Kulalar Street

Kulalar Street guideline value

The current guideline value of Kulalar Street in Thandalam village is Rs 1,210 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Kulalar Street has changed

The guideline value for Kulalar Street has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 737 per sq.ft. This figure increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,210 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no recorded figures for Kulalar Street in the revisions for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thandalam

In Thandalam village, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,210 per sq.ft, which is equal to the 2024 figure for Kulalar Street.

• Leelavathy Nagar: Rs 1,210 per sq.ft (2024)
• Manimedu (ward 1): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 7): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 8): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 9): Rs 1,210 per sq.ft (2024)
• Kambar Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Kulalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total cost for stamp duty and registration fee would be Rs 1,08,900. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulalar Street?

Kulalar Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 plays a crucial role in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the applicable stamp duty and registration fees during the transaction.

When a property is sold, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kulalar Street?

The current guideline value of Kulalar Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kulalar Street has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Thandalam with the same guideline value?

Other streets in Thandalam that share the same guideline value of Rs 1,210 per sq.ft include Leelavathy Nagar, Manimedu (wards 1, 7, 8, and 9), and Kambar Street.

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

The Pammal Sub Registrar Office covers Kulalar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Thandalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 12,10,000 would incur a stamp duty of Rs 84,700 at the rate of 7%.