Guideline Value for Kulasekeran 4th Cross Street

Kulasekeran 4th Cross Street guideline value

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

How the guideline value of Kulasekeran 4th Cross Street has changed

The guideline value for Kulasekeran 4th Cross Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% increase. However, this value decreased to Rs 804 per sq.ft in 2017, reflecting a decline of 33% before rising again to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,300 per sq.ft in the 2024 revision, an 8% increase from the previous year.

It is important to note that the register has no figures for Kulasekeran 4th Cross Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 225%.

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 in this area is Rs 2,200 per sq.ft, which means that the 2024 guideline value of Rs 1,300 per sq.ft for Kulasekeran 4th Cross Street is below the median.

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

Stamp duty and registration fee for property in Kulasekeran 4th Cross 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, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kulasekeran 4th Cross Street?

The Sub Registrar Office that covers Kulasekeran 4th 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 a crucial factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is registered, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kulasekeran 4th Cross Street?

The current guideline value of Kulasekeran 4th 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 400 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 225% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 13,00,000, the total fees would be Rs 1,17,000.

Which registration office covers Kulasekeran 4th Cross Street?

The Selaiyur Sub Registrar Office covers Kulasekeran 4th Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Kulasekeran 4th Cross Street?

Kulasekeran 4th Cross Street is classified as Residential Class III Type - II, indicating its designation for residential use.