Guideline Value for Kulasekarapuram

Kulasekarapuram guideline value

The current guideline value of Kulasekarapuram in Koyakbedu village, under the AnnaNagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Kulasekarapuram has changed

The guideline value for Kulasekarapuram has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% increase. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%.

In the following years, the value rose again, reaching Rs 3,000 per sq.ft in 2023, and then increasing to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for the area is Rs 4,400 per sq.ft, placing Kulasekarapuram's 2024 figure below this median.

• Kumaran Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 1st Main Road: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kulasekarapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kulasekarapuram?

The Sub Registrar Office covering Kulasekarapuram is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor when buying or selling property in Koyakbedu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from transactions.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kulasekarapuram?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, with Kulasekarapuram's 2024 figure being below this median.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which office handles property registrations in Kulasekarapuram?

The AnnaNagar Sub Registrar Office handles property registrations for Kulasekarapuram, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.