Guideline Value for Kulasekaraalwar Street

Kulasekaraalwar Street guideline value

The current guideline value of Kulasekaraalwar Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Kulasekaraalwar Street has changed

Over the years, the guideline value of Kulasekaraalwar Street has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 900 per sq.ft in 2012, marking a significant rise of 125%. However, the value then decreased to Rs 603 per sq.ft in 2017, reflecting a drop of 33%. The subsequent revision in 2023 brought the value up to Rs 900 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 950 per sq.ft, an increase of 6% from the previous year.

It is important to note that the register has no figures for Kulasekaraalwar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 138%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kulasekaraalwar Street's 2024 guideline value is below this median.

• Kulasekaran 1st Main Road: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 1st Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 2nd Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 3rd Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 4th Street: Rs 1,300 per sq.ft (2024)
• Kulakkarai West Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kulasekaraalwar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulasekaraalwar Street?

The Sub Registrar Office covering Kulasekaraalwar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

When buying or selling property in Selaiyur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is crucial during the registration process to ensure compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Understanding the guideline value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Kulasekaraalwar Street?

The current guideline value of Kulasekaraalwar Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 138% over the years.

What are the stamp duty and registration fees for property in Kulasekaraalwar Street?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles registrations for Kulasekaraalwar Street?

The Selaiyur Sub Registrar Office handles registrations for Kulasekaraalwar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Kulasekaraalwar Street?

Kulasekaraalwar Street is classified as Residential Class IV Type - II, which indicates its designation for residential purposes.