Guideline Value for Kailasanadhar Kiol Street

Kailasanadhar Kiol Street guideline value

The current guideline value of Kailasanadhar Kiol Street is Rs 900 per sq.ft. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kailasanadhar Kiol Street has changed

Over the years, the guideline value of Kailasanadhar Kiol Street has seen several revisions. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking an increase of 800%. However, from 2012 to 2017, the value decreased to Rs 603 per sq.ft, a decline of 33%. The value then rose again to Rs 900 per sq.ft in 2023, and it remained the same in the 2024 revision, reflecting 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. The overall change from the 2007 revision to the 2024 revision shows an increase of 800%.

Guideline values in Uthiramerur

In Uthiramerur village, 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. The guideline value for Kailasanadhar Kiol Street is above this median.

• Kailasanadhar Koil North Street: Rs 900 per sq.ft (2024)
• Kailasanadhar Koil South Street: Rs 900 per sq.ft (2024)
• Kacheri Street: Rs 1,500 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 Kailasanadhar Kiol Street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. 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 information.

Which Sub Registrar Office covers Kailasanadhar Kiol Street?

The Kailasanadhar Kiol Street falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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 minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kailasanadhar Kiol Street?

The current guideline value of Kailasanadhar Kiol Street is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and returned to Rs 900 per sq.ft in 2023 and 2024.

What is the land classification for Kailasanadhar Kiol Street?

Kailasanadhar Kiol Street is classified as Residential Class II Type - I according to the local land classification.

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 Kailasanadhar Kiol Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,00,000, the stamp duty at 7% would be Rs 63,000.