Guideline Value for Kulam East Street

Kulam East Street guideline value

The current guideline value of Kulam East Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village and falls under the Thirukazhukundram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kulam East Street has changed

The guideline value for Kulam East Street has seen several revisions over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 400 per sq.ft. The latest revision, effective from 1 July 2024, maintains this value at Rs 400 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. It is important to note that there are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for Kulam East Street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Kulam East Street's 2024 guideline value is below this median.

• Kulam Street: Rs 400 per sq.ft (2024)
• Kumaran Kudil Nagar: Rs 670 per sq.ft (2024)
• Kuselar Street: Rs 600 per sq.ft (2024)
• Kuyavar Street: Rs 800 per sq.ft (2024)
• Kollaimettu Street: Rs 600 per sq.ft (2024)
• Kavarai Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kulam East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty, charged at 7%, would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulam East Street?

The Sub Registrar Office that covers Kulam East Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions within Thirukalukundrem A. It serves as a benchmark for determining the official value of properties for the purpose of registration and taxation.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Kulam East Street?

The current guideline value of Kulam East Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision. From the 2017 revision to the 2024 revision, there has been a 49% increase from Rs 268 per sq.ft.

What are the other guideline values in Thirukalukundrem A?

In Thirukalukundrem A, other streets have varying guideline values, ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft.

How is stamp duty calculated for properties in Kulam East Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property with a guideline value of Rs 4,00,000, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for Kulam East Street?

The Sub Registrar Office for Kulam East Street is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more details by using the provided link to locate your SRO.