Guideline Value for Malaiyadivaram Kulakarai

Malaiyadivaram Kulakarai guideline value

The current guideline value of Malaiyadivaram Kulakarai is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Malaiyadivaram Kulakarai has changed

The guideline value for Malaiyadivaram Kulakarai has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,072 per sq.ft. It then increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 1,760 per sq.ft, which is a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not registered during those years.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Malaiyadivaram Kulakarai's 2024 figure above the median.

• Malaiyadivaram Murugan Koil: Rs 1,760 per sq.ft (2024)
• Malai Koil Street: Rs 1,760 per sq.ft (2024)
• Malaiyadivaram Natham: Rs 1,760 per sq.ft (2024)
• Makizham Enclave Phase - I: Rs 1,760 per sq.ft (2024)
• Manickam Nagar: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 1st Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Malaiyadivaram Kulakarai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Malaiyadivaram Kulakarai?

The Sub Registrar Office that covers Malaiyadivaram Kulakarai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you proceed with a sale or purchase, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Malaiyadivaram Kulakarai?

The current guideline value of Malaiyadivaram Kulakarai is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the land classification for Malaiyadivaram Kulakarai?

Malaiyadivaram Kulakarai is classified as Mixed Special Type - III, indicating its diverse land use and potential for various types of development.

What are the stamp duty and registration fees for a property in Malaiyadivaram Kulakarai?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers Kunrathour-B?

The Kunrathur Sub Registrar Office covers Kunrathour-B, located at No.59, Road Street, Kundrathur, Chennai -600 069.