Guideline Value for Kulanthaivelu Nagar

Kulanthaivelu Nagar guideline value

The current guideline value of Kulanthaivelu Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Kulanthaivelu Nagar has changed

The guideline value for Kulanthaivelu Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the value from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, marking a decrease of 25% to the current figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision is also a decrease of 25%.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Kulanthaivelu Nagar's 2024 figure below that median.

• Kulakkarai Street: Rs 700 per sq.ft (2024)
• Kingsland Extension: Rs 700 per sq.ft (2024)
• Kings Land: Rs 700 per sq.ft (2024)
• K G Flats: Rs 1,320 per sq.ft (2024)
• Madha Koil Street Nedunsalai: Rs 300 per sq.ft (2024)
• Karthik Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kulanthaivelu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 specific calculations.

Which Sub Registrar Office covers Kulanthaivelu Nagar?

The Sub Registrar Office that covers Kulanthaivelu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mevaloorkuppam B. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the transaction.

When a property is registered, the guideline value is assessed to determine the applicable fees. Buyers should be aware that the fees are calculated based on the higher of the guideline value or the sale price, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kulanthaivelu Nagar?

The current guideline value of Kulanthaivelu Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 134 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 25% reduction overall.

What is the median guideline value in Mevaloorkuppam B?

The median guideline value in Mevaloorkuppam B is Rs 400 per sq.ft, with Kulanthaivelu Nagar's current value being below this median.

What are the stamp duty and registration fees for Kulanthaivelu Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000.

Which office handles property registration for Kulanthaivelu Nagar?

The Sriperumpudur Sub Registrar Office handles property registration for Kulanthaivelu Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.