Guideline Value for Kacheri Street

Kacheri Street guideline value

The current guideline value of Kacheri Street in Uthiramerur village is Rs 1,500 per sq.ft, effective from 1 July 2024. This street falls under the Uthiramerur Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Kacheri Street has changed

The guideline value for Kacheri Street has undergone several revisions over the years. The 2007 revision set the value at Rs 147 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, this value decreased by 33% to Rs 536 per sq.ft in the 2017 revision. From 2017 to 2023, the guideline value saw a significant increase of 180%, bringing it to Rs 1,500 per sq.ft in 2023, a figure that remained unchanged in the 2024 revision.

It is important to note that the register has no figures for Kacheri Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 920%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Kacheri Street's 2024 figure above that median.

• 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)
• Kakanalloor Road Street: Rs 300 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 1st Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kacheri Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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, making the total cost Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kacheri Street?

Kacheri Street is covered by 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 is a crucial factor during the registration of property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value helps ensure that the transaction is registered at a value that reflects the official rates set by the government. This is important for both buyers and sellers, as it provides transparency and helps in the proper calculation of applicable fees.

Frequently asked questions

What is the current guideline value of Kacheri Street?

The current guideline value of Kacheri 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 seen significant changes, increasing from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, an overall increase of 920%.

What is the land classification of Kacheri Street?

Kacheri Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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.

What is the stamp duty rate in Uthiramerur?

The stamp duty rate in Uthiramerur is 7%, which is applied to the guideline value or the sale price, whichever is higher.