Guideline Value for Kulasekaran Street 3rd Street

Kulasekaran Street 3rd Street guideline value

The current guideline value of Kulasekaran Street 3rd Street is Rs 1,300 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 III Type - II.

How the guideline value of Kulasekaran Street 3rd Street has changed

The guideline value for Kulasekaran Street 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and finally reached Rs 1,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which means that Kulasekaran Street 3rd Street's 2024 figure is below this median.

• Kulasekaran Street 2nd Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 4th Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 1st Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran 1st Main Road: Rs 1,300 per sq.ft (2024)
• Kulasekeran 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Kulasekaraalwar Street: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Kulasekaran Street 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulasekaran Street 3rd Street?

The Sub Registrar Office that covers Kulasekaran Street 3rd 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

The guideline value plays a crucial role during the registration process of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be settled at the time of registration.

Frequently asked questions

What is the current guideline value of Kulasekaran Street 3rd Street?

The current guideline value of Kulasekaran Street 3rd Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increasing to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,300 per sq.ft in 2024.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, which indicates that Kulasekaran Street 3rd Street's value is below this median.

What are the stamp duty and registration fees for a property in Kulasekaran Street 3rd Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Kulasekaran Street 3rd Street?

The Selaiyur Sub Registrar Office covers Kulasekaran Street 3rd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.