Guideline Value for Kullakarai Street

Kullakarai Street guideline value

The current guideline value of Kullakarai Street in Malaipattu village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kullakarai Street has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017, 2023, and the upcoming 2024 revision, where it continues to be Rs 150 per sq.ft. The 2017 revision saw a significant increase of 50% from the 2012 figure, which had previously been Rs 100 per sq.ft.

There are no figures available for Kullakarai Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Malaipattu

In Malaipattu, there are 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,181 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Kullakarai Street is below this median.

• Krishnamoorthy Salai: Rs 200 per sq.ft (2024)
• Lakshmi Land: Rs 150 per sq.ft (2024)
• Kanniamman street: Rs 181 per sq.ft (2024)
• Kamarajar Salai: Rs 150 per sq.ft (2024)
• Kalaizhnar Street: Rs 150 per sq.ft (2024)
• MGR Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kullakarai Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. 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 Kullakarai Street?

The Sub Registrar Office that covers Kullakarai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Malaipattu, as it is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs involved in the transaction.

When purchasing property, the guideline value serves as a benchmark for the minimum value on which stamp duty is calculated. This ensures that all transactions reflect a fair value according to the official records maintained by the Registration Department.

Frequently asked questions

What is the current guideline value of Kullakarai Street?

The current guideline value of Kullakarai Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 through 2024, with a significant increase of 50% from Rs 100 per sq.ft in 2017 compared to 2012.

What is the median guideline value for streets in Malaipattu?

The median guideline value for streets in Malaipattu is Rs 200 per sq.ft, while Kullakarai Street's value is below this median.

What are the stamp duty and registration fees for Kullakarai Street?

For a 1,000 sq.ft plot at Rs 150 per sq.ft, the total stamp duty and registration fees would amount to Rs 13,500, which includes a stamp duty of Rs 10,500 and a registration fee of Rs 3,000.

Which office handles registrations for Kullakarai Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Kullakarai Street, located on Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.