Guideline Value for Irattai Thaleeshvaran Koil Street

Irattai Thaleeshvaran Koil Street guideline value

The current guideline value of Irattai Thaleeshvaran Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Irattai Thaleeshvaran Koil Street has changed

The guideline value for Irattai Thaleeshvaran Koil Street has undergone several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 147 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 444%. However, between 2012 and 2017, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%. From 2017 to 2023, the value increased substantially to Rs 1,500 per sq.ft, representing a growth of 180%. The most recent revision in 2024 maintains this value at Rs 1,500 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 920%.

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. The median guideline value in this area is Rs 800 per sq.ft, placing Irattai Thaleeshvaran Koil Street's 2024 figure above that median.

• Joy City In Jeevan Nagar: Rs 300 per sq.ft (2024)
• Kacheri Street: Rs 1,500 per sq.ft (2024)
• Kailasanadhar Kiol Street: Rs 900 per sq.ft (2024)
• Kailasanadhar Koil North Street: Rs 900 per sq.ft (2024)
• Kailasanadhar Koil South Street: Rs 900 per sq.ft (2024)
• kakanalloor Palla Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Irattai Thaleeshvaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Irattai Thaleeshvaran Koil Street?

The Sub Registrar Office that covers Irattai Thaleeshvaran Koil Street is 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 information.

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

The guideline value plays a crucial role when buying or selling property in Uthiramerur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to understand the guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Irattai Thaleeshvaran Koil Street?

The current guideline value of Irattai Thaleeshvaran Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 920% over the years.

What is the land classification for Irattai Thaleeshvaran Koil Street?

Irattai Thaleeshvaran Koil Street is classified as Commercial Class I Type - I, indicating its use for commercial purposes.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Uthiramerur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at a rate of 7%.