Guideline Value for Kulasekarandasan Street / Kulasekaran Street

Kulasekarandasan Street / Kulasekaran Street guideline value

The current guideline value of Kulasekarandasan Street / Kulasekaran Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class IV Type - I.

How the guideline value of Kulasekarandasan Street / Kulasekaran Street has changed

Over the years, the guideline value for Kulasekarandasan Street / Kulasekaran Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 2,000 per sq.ft in 2023 and further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value is Rs 2,500 per sq.ft, which means that Kulasekarandasan Street / Kulasekaran Street's 2024 figure is below this median.

• Kumaran Street: Rs 2,500 per sq.ft (2024)
• Kunjidham Guruswamy Street: Rs 1,900 per sq.ft (2024)
• Kuppusamy Dasan 1st Street: Rs 2,200 per sq.ft (2024)
• Kuppusamy Dasan Street: Rs 2,200 per sq.ft (2024)
• Krishnamoorthy Street: Rs 3,250 per sq.ft (2024)
• Krishnamoorthy Salai: Rs 3,250 per sq.ft (2024)

Stamp duty and registration fee for property in Kulasekarandasan Street / Kulasekaran Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the 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 Kulasekarandasan Street / Kulasekaran Street?

The Sub Registrar Office that covers Kulasekarandasan Street / Kulasekaran Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Erukancherry. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with local regulations and for accurately budgeting for the costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Kulasekarandasan Street / Kulasekaran Street?

The current guideline value of Kulasekarandasan Street / Kulasekaran Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Kulasekarandasan Street / Kulasekaran Street?

Kulasekarandasan Street / Kulasekaran Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees based on the guideline value?

For a plot valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for this street located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.