Guideline Value for Kullakkarai Street

Kullakkarai Street guideline value

The current guideline value of Kullakkarai Street in Santhavellur village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Kullakkarai Street has changed

The guideline value for Kullakkarai Street has undergone several revisions over the years. In 2012, the value was Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is 0%, indicating that the value has remained constant compared to the 2012 revision. The 2023 to 2024 revision saw no change, with a 0% increase.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Kullakkarai Street's 2024 figure below that median.

• Kumaran Nagar: Rs 305 per sq.ft (2024)
• Krishna Nagar: Rs 600 per sq.ft (2024)
• KKR Supreme City: Rs 2,002 per sq.ft (2024)
• Lucky Land: Rs 305 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kullakkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 Kullakkarai Street?

The Sub Registrar Office that covers Kullakkarai 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is registered, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kullakkarai Street?

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

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the median guideline value in Santhavellur?

The median guideline value in Santhavellur is Rs 500 per sq.ft, with Kullakkarai Street's value being below this median.

What are the stamp duty rates for property in Kullakkarai Street?

The stamp duty rate for property in Kullakkarai Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kullakkarai Street?

The Sub Registrar Office for Kullakkarai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.