Guideline Value for Kullakkarai Street

Kullakkarai Street guideline value

The current guideline value of Kullakkarai Street is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Santhavellur_B village 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 remained at Rs 300 per sq.ft for the 2023 and 2024 revisions, showing no change from the previous year. In contrast, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Kullakkarai Street's 2024 value below this median.

• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kurukku Street: Rs 300 per sq.ft (2024)
• Krishna Nagar: Rs 600 per sq.ft (2024)
• KKR Supreme City: Rs 2,000 per sq.ft (2024)
• Lucky Land: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 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. 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 Kullakkarai Street?

Kullakkarai Street falls under 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_B

The guideline value is a crucial factor during the registration of property transactions in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings.

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 remained at Rs 300 per sq.ft for the years 2023 and 2024, while it was Rs 201 per sq.ft in 2017, reflecting a 49% increase from 2017 to 2023.

Are there any revisions without figures for Kullakkarai Street?

Yes, the revisions for the years 2002, 2003, 2007, and 2012 have no figures recorded for Kullakkarai Street.

What is the median guideline value for streets in Santhavellur_B?

The median guideline value for streets in Santhavellur_B is Rs 400 per sq.ft, with Kullakkarai Street's 2024 value being below this median.

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

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