Guideline Value for Mottai Kulam Street

Mottai Kulam Street guideline value

The current guideline value of Mottai Kulam Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village, under the Kanchipuram Joint IV SRO, and is classified as Residential Class II Type - I.

How the guideline value of Mottai Kulam Street has changed

The guideline value for Mottai Kulam Street has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, this value decreased to Rs 536 per sq.ft in 2017. Following this, the value rose to Rs 800 per sq.ft in 2023, and currently stands at Rs 880 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a notable increase of 49%, while the 2023 to 2024 revision reflects a 10% increase. The overall change from the 2007 revision to the 2024 revision shows a significant rise of 252% in the guideline value.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median value among these streets is Rs 880 per sq.ft, which aligns with the current guideline value of Mottai Kulam Street.

• Mudaliar Street @ Vedantham Street: Rs 880 per sq.ft (2024)
• Munram Thiruvizha Mandapam Street: Rs 880 per sq.ft (2024)
• Mettupalayam Street: Rs 1,100 per sq.ft (2024)
• Mettu Kammal Street: Rs 880 per sq.ft (2024)
• Naina Pillai Street: Rs 880 per sq.ft (2024)
• Nemanthakara Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mottai Kulam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mottai Kulam Street?

The Sub Registrar Office that covers Mottai Kulam Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ist Division. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, which helps maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Mottai Kulam Street?

The current guideline value of Mottai Kulam Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 252% over this period.

What are the stamp duty and registration fees for property in Mottai Kulam Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Mottai Kulam Street?

The Kanchipuram Joint IV Sub Registrar Office covers Mottai Kulam Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification of Mottai Kulam Street?

Mottai Kulam Street is classified as Residential Class II Type - I, indicating its use for residential purposes within the area.