Guideline Value for S.KULATHUR 1 TO 8 CROSS STREET

S.Kulathur 1 To 8 Cross Street guideline value

The current guideline value for S.Kulathur 1 To 8 Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of S.Kulathur 1 To 8 Cross Street has changed

The guideline value for S.Kulathur 1 To 8 Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. However, this value dropped to Rs 1,340 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The following revision in 2023 raised the value back to Rs 2,000 per sq.ft, and the most recent 2024 revision increased it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Between 2017 and 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for S.Kulathur 1 To 8 Cross Street is below this median.

• Sathya Nagar: Rs 2,200 per sq.ft (2024)
• Sai Nagar: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue Extn.: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue 1 To 6 Streets: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue: Rs 2,530 per sq.ft (2024)
• Rose Avenue: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in S.Kulathur 1 To 8 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers S.Kulathur 1 To 8 Cross Street?

The S.Kulathur 1 To 8 Cross Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial component in the registration process of property transactions in S. Kullathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for S.Kulathur 1 To 8 Cross Street?

The current guideline value for S.Kulathur 1 To 8 Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for S.Kulathur 1 To 8 Cross Street?

S.Kulathur 1 To 8 Cross Street is classified as Residential Class III Type - I.

Where can I find the registration office for S.Kulathur?

The registration office for S.Kulathur is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.