Guideline Value for Kuttakkarai Street

Kuttakkarai Street guideline value

The current guideline value of Kuttakkarai Street in Pulikoradu village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Kuttakkarai Street has changed

The guideline value for Kuttakkarai Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it decreased to Rs 670 per sq.ft in 2017, representing a 33% drop. The value then increased to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no recorded figures for Kuttakkarai Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Kuttakkarai Street's 2024 figure above this median.

• Kunzhumedu Pulikoradu: Rs 880 per sq.ft (2024)
• Mahalakshmi Nagar Extension: Rs 880 per sq.ft (2024)
• Kasthuribai Nagar: Rs 1,100 per sq.ft (2024)
• Karunanidhi Nagar: Rs 880 per sq.ft (2024)
• Mariamman Koil Street: Rs 880 per sq.ft (2024)
• Kamban Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kuttakkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuttakkarai Street?

Kuttakkarai Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pulikoradu. It determines the minimum value at which the property can be registered, ensuring that the transaction is in accordance with the prevailing market conditions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kuttakkarai Street?

The current guideline value of Kuttakkarai Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the other streets in Pulikoradu with their guideline values?

Other streets in Pulikoradu include Kunzhumedu Pulikoradu and Mahalakshmi Nagar Extension at Rs 880 per sq.ft, Kasthuribai Nagar at Rs 1,100 per sq.ft, and several others, all with varying guideline values.

What is the stamp duty rate for properties in Kuttakkarai Street?

The stamp duty rate for properties in Kuttakkarai Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Kuttakkarai Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.