Guideline Value for Kulam Street

Kulam Street guideline value

The current guideline value of Kulam Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class IV Type - I.

How the guideline value of Kulam Street has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, reflecting a 49% rise. The 2024 revision maintained the same value of Rs 400 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kulam Street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

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. The median value is Rs 600 per sq.ft, placing Kulam Street's 2024 figure below this median.

• Kulam East 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 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 at 7% would be Rs 28,000, and the registration fee at 2% would amount to Rs 8,000, bringing the total fees to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kulam Street?

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

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

The guideline value is a crucial factor in property transactions in Thirukalukundrem A. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value to avoid any discrepancies during the registration process. It serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Kulam Street?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, maintaining the same value in 2024, showing a 49% increase overall from 2017 to 2024.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft, which is above the current value of Kulam Street.

What are the stamp duty and registration fees for properties in Kulam Street?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

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

The Sub Registrar Office for Kulam Street is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more information by visiting the relevant link.