Guideline Value for Kulasekaran Street 4th Street

Kulasekaran Street 4th Street guideline value

The current guideline value of Kulasekaran Street 4th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class III Type - II.

How the guideline value of Kulasekaran Street 4th Street has changed

Over the years, the guideline value for Kulasekaran Street 4th Street has seen several revisions. The register shows no figures for the years 2002, 2003, and 2007. In 2012, the guideline value was Rs 1,200 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, there was a significant increase of 49%, with the value rising from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

The most recent revision in 2024 saw an increase of 8%, bringing the guideline value to Rs 1,300 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 8% despite the decline of 33% from 2012 to 2017.

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. The median guideline value in this village is Rs 2,200 per sq.ft, positioning Kulasekaran Street 4th Street below this median.

• Kulasekaran Street 3rd Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 2nd Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 1st Street: Rs 1,300 per sq.ft (2024)
• Kulasekeran 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Kulasekeran 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran 1st Main Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kulasekaran Street 4th 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 for these fees Rs 1,17,000. 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 Kulasekaran Street 4th Street?

The Sub Registrar Office that covers Kulasekaran Street 4th 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kulasekaran Street 4th Street?

The current guideline value of Kulasekaran Street 4th 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 changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an increase of 8%. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, indicating a 49% increase from 2017 to 2023.

What is the land classification of Kulasekaran Street 4th Street?

Kulasekaran Street 4th Street is classified as Residential Class III Type - II. This classification is important for understanding the intended use of the land.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles property registrations in the area.

How is stamp duty calculated for properties in Selaiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,00,000, the stamp duty at 7% would amount to Rs 91,000.