Guideline Value for Aanaipallam Kudumi Street

Aanaipallam Kudumi Street guideline value

The current guideline value of Aanaipallam Kudumi Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Aanaipallam Kudumi Street has changed

The guideline value for Aanaipallam Kudumi Street has seen several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft, which then increased significantly to Rs 300 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 201 per sq.ft, marking a decline of 33%. The value then rose again to Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for Aanaipallam Kudumi Street. The most recent revision in 2024 maintains the value at Rs 300 per sq.ft, consistent with the previous year.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Aanaipallam Kudumi Street's 2024 figure is below this median.

• Aanaikkatti Street: Rs 900 per sq.ft (2024)
• Aanaipallam yadhaval street: Rs 300 per sq.ft (2024)
• Aannaipallam Mettu Street: Rs 300 per sq.ft (2024)
• AannaiPAllam Road Street: Rs 300 per sq.ft (2024)
• Anandhaiyangar Street: Rs 1,200 per sq.ft (2024)
• Annai Senghazahi Panchalai Amman Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Aanaipallam Kudumi Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is essential to note that 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 information.

Which Sub Registrar Office covers Aanaipallam Kudumi Street?

Aanaipallam Kudumi Street falls under the Uthiramerur Sub Registrar Office located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid when registering a property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the overall cost of property transactions. It is advisable to check the latest guidelines to ensure accurate calculations and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aanaipallam Kudumi Street?

The current guideline value of Aanaipallam Kudumi Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 300 per sq.ft. The value saw a significant increase from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, but it later decreased to Rs 201 per sq.ft in 2017.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Aanaipallam Kudumi Street?

The Uthiramerur Sub Registrar Office handles property registrations for Aanaipallam Kudumi Street. The office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the land classification for Aanaipallam Kudumi Street?

Aanaipallam Kudumi Street is classified as Residential Class IV Type - II. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.