Guideline Value for West Kulakkarai Street

West Kulakkarai Street guideline value

The current guideline value of West Kulakkarai Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kandamangalam village under the Sriperumpudur SRO, with a land classification of Residential Special Type - II.

How the guideline value of West Kulakkarai Street has changed

The guideline value for West Kulakkarai Street has remained steady at Rs 100 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision recorded a guideline value of Rs 67 per sq.ft, marking a significant increase of 49% to reach the 2023 figure.

In the earlier 2012 revision, the guideline value was Rs 100 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kandamangalam

In Kandamangalam village, there are 10 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 510 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing West Kulakkarai Street's 2024 figure below this median.

• Kandamangalam Street: Rs 100 per sq.ft (2024)
• Inthalamman Koil Street: Rs 100 per sq.ft (2024)
• Habeeb Avenue: Rs 500 per sq.ft (2024)
• Dell city: Rs 510 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Bajanai Koil 4th Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in West Kulakkarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers West Kulakkarai Street?

The Sub Registrar Office that covers West Kulakkarai Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kandamangalam, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the latest guideline value to ensure compliance with local regulations and to calculate the financial implications of the transaction accurately.

When registering a property, the guideline value serves as a benchmark for the minimum price at which the property can be sold. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the local market.

Frequently asked questions

What is the current guideline value of West Kulakkarai Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2023 to 2024. It increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and decreased from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017.

What is the land classification for West Kulakkarai Street?

The land classification for West Kulakkarai Street is Residential Special Type - II.

Where is the Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in West Kulakkarai Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 1,00,000, leading to a stamp duty of Rs 7,000 and a registration fee of Rs 2,000.