Guideline Value for Kulaththangarai street

Kulaththangarai street guideline value

The current guideline value of Kulaththangarai street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class I Type - I.

How the guideline value of Kulaththangarai street has changed

The guideline value for Kulaththangarai street has undergone several revisions over the years. In 2007, the value was Rs 147 per sq.ft, which saw a significant increase to Rs 1,000 per sq.ft in 2012, marking a rise of 580%. However, this value decreased to Rs 670 per sq.ft in 2017, reflecting a reduction of 33%. The guideline value remained unchanged at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating a 0% change between these two years. The register has no figures for the years 2002 and 2003.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 580%. The fluctuations in the values highlight the changes in the property landscape in Kulaththangarai street over the years.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Kulaththangarai street's 2024 figure of Rs 1,000 per sq.ft is above this median.

• Kuppaiyanaloor Kalani: Rs 700 per sq.ft (2024)
• Krishna Nagar: Rs 1,500 per sq.ft (2024)
• Kuzhambara koil 1-st Street: Rs 700 per sq.ft (2024)
• Kuzhambara koil 2-nd Street: Rs 700 per sq.ft (2024)
• Kuzhambara Koil Kammala Street: Rs 900 per sq.ft (2024)
• Kuzhambarakoil street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kulaththangarai street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kulaththangarai street?

The Sub Registrar Office that covers Kulaththangarai street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kulaththangarai street?

The current guideline value of Kulaththangarai street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing no change from 2023 to 2024, while there was a significant increase of 580% from 2007 to 2012.

What is the land classification for Kulaththangarai street?

Kulaththangarai street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office located for Kulaththangarai street?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.