Guideline Value for Kulasekaran Avenue

Kulasekaran Avenue guideline value

The current guideline value of Kulasekaran Avenue is Rs 1,100 per sq.ft, as per the 2023 revision. This street is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kulasekaran Avenue has changed

Since the 2007 revision, the guideline value for Kulasekaran Avenue has seen significant changes. In 2007, the value was Rs 550 per sq.ft, which increased to Rs 1,100 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value dropped to Rs 737 per sq.ft, a decrease of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,100 per sq.ft, reflecting a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 100%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Kulasekaran Avenue is part of the Urapakkam guideline value landscape. There are no other streets in Urapakkam under the Gooduvancheri SRO provided in the available data.

Stamp duty and registration fee for property in Kulasekaran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is essential 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 Kulasekaran Avenue?

The Sub Registrar Office covering Kulasekaran Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kulasekaran Avenue?

The current guideline value of Kulasekaran Avenue is Rs 1,100 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased by 100%, from Rs 550 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2023, with fluctuations in between.

What are the stamp duty and registration fees for properties in Kulasekaran Avenue?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Kulasekaran Avenue?

The Gooduvancheri Sub Registrar Office covers Kulasekaran Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Urapakkam with guideline values available?

No specific guideline values for other streets in Urapakkam under the Gooduvancheri SRO have been provided in the available data.