Guideline Value for Kulasekeran 2nd Cross Street

Kulasekeran 2nd Cross Street guideline value

The current guideline value of Kulasekeran 2nd Cross 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 Kulasekeran 2nd Cross Street has changed

The guideline value for Kulasekeran 2nd Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 1,200 per sq.ft. This figure saw a decrease to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 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 for these streets is Rs 2,200 per sq.ft, indicating that the 2024 figure for Kulasekeran 2nd Cross Street is below this median.

• Kulasekeran 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Kulasekeran 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Kulasekeran 4th Cross Street: Rs 1,300 per sq.ft (2024)
• Kulasekaran Street 4th Street: Rs 1,300 per sq.ft (2024)
• Kulasekan Street 3rd Street: Rs 1,300 per sq.ft (2024)
• Kulasekan Street 2nd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kulasekeran 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, bringing the total to Rs 1,17,000. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulasekeran 2nd Cross Street?

The Sub Registrar Office covering Kulasekeran 2nd Cross 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 is an essential factor during the registration of property transactions in Selaiyur. It serves as a benchmark for assessing the value of properties, ensuring that the registration fees and stamp duties are calculated accurately based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kulasekeran 2nd Cross Street?

The current guideline value of Kulasekeran 2nd Cross 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, reflecting an 8% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification of Kulasekeran 2nd Cross Street?

Kulasekeran 2nd Cross Street is classified as Residential Class III Type - II. This classification is important for understanding the types of developments allowed in the area.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kulasekeran 2nd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000, resulting in a stamp duty of Rs 91,000.