Guideline Value for Kullakkarai Street

Kullakkarai Street guideline value

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

How the guideline value of Kullakkarai Street has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision maintained the same rate of Rs 300 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Kullakkarai Street. Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value.

Guideline values in Santhavellur_C

Santhavellur_C has a total of 52 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Kullakkarai Street's 2024 figure below this median.

• Kumaran Nagar: 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)
• 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 rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Santhavellur_C. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects the market standards set by the government.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps in maintaining a standard for property values in the area.

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 from 2023 to 2024, while it increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the median guideline value for streets in Santhavellur_C?

The median guideline value for streets in Santhavellur_C is Rs 350 per sq.ft, which is higher than the current guideline value of Kullakkarai Street.

What are the stamp duty rates applicable in Kullakkarai Street?

The stamp duty rate applicable in Kullakkarai Street is 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

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

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