Guideline Value for South Kulakarai Street

South Kulakarai Street guideline value

The current guideline value of South Kulakarai Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, classified as Residential Class IV Type - I.

How the guideline value of South Kulakarai Street has changed

The guideline value for South Kulakarai Street has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains the value at Rs 400 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. For the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing South Kulakarai Street's 2024 value below that median.

• South Street: Rs 805 per sq.ft (2024)
• Sri Jeeva Avenue: Rs 523 per sq.ft (2024)
• Sri Jeeva Avenue Phase I: Rs 350 per sq.ft (2024)
• Selliamman Koil Street: Rs 700 per sq.ft (2024)
• Sayakkara Street: Rs 600 per sq.ft (2024)
• Sasthiru Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in South Kulakarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers South Kulakarai Street?

The Sub Registrar Office that covers South Kulakarai Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of South Kulakarai Street?

The current guideline value of South Kulakarai Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the median guideline value in Thirukalukundrem A?

The median guideline value for streets in Thirukalukundrem A is Rs 600 per sq.ft, which is higher than the current value of South Kulakarai Street.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the higher of the guideline value or sale price, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft incurs a total fee of Rs 36,000.

Which office handles the registration for South Kulakarai Street?

The Thirukazhukundram Sub Registrar Office handles the registration for South Kulakarai Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.