Guideline Value for Kulasekara Perumal Street

Kulasekara Perumal Street guideline value

The current guideline value of Kulasekara Perumal Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Kulasekara Perumal Street has changed

The guideline value for Kulasekara Perumal Street has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, maintaining the same value in the 2024 revision, resulting in a 49% increase from 2017 to 2023 and overall from 2017 to 2024.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. The 2024 revision shows no change from the 2023 revision, indicating stability in the guideline value at Rs 1,000 per sq.ft.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, placing Kulasekara Perumal Street's 2024 figure above this median.

• Kuppu Mudali Street: Rs 700 per sq.ft (2024)
• Kuya Street: Rs 1,200 per sq.ft (2024)
• Lake View Gardens: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Kothanda Nagar: Rs 1,200 per sq.ft (2024)
• Lancor: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kulasekara Perumal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kulasekara Perumal Street?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in this area.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. This value is essential for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kulasekara Perumal Street?

The current guideline value of Kulasekara Perumal Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2024.

Are there any years with no guideline value for Kulasekara Perumal Street?

Yes, the register has no figures for Kulasekara Perumal Street for the years 2002, 2003, 2007, and 2012.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Kulasekara Perumal Street?

The Sriperumpudur Sub Registrar Office at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone handles property registrations for Kulasekara Perumal Street.