Guideline Value for Kailasanadhar Koil North Street

Kailasanadhar Koil North Street guideline value

The current guideline value of Kailasanadhar Koil North Street is Rs 900 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 II Type - I.

How the guideline value of Kailasanadhar Koil North Street has changed

The guideline value for Kailasanadhar Koil North Street has undergone several revisions over the years. The earliest recorded value is from 2007, when it was Rs 100 per sq.ft. This figure increased significantly by 800% to Rs 900 per sq.ft in 2012. However, it then decreased by 33% to Rs 603 per sq.ft in 2017. The value remained stable at Rs 900 per sq.ft during the revisions in 2012 and 2023, and it has not changed from 2023 to 2024, maintaining the rate of Rs 900 per sq.ft.

There are no figures available for the years 2002 and 2003 in the register for this street. From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2007 to 2024 reflects an increase of 800%.

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. The guideline value for Kailasanadhar Koil North Street is above this median.

• Kailasanadhar Kiol 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 Koil North 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 is charged at 7%, which totals Rs 63,000, and the registration fee is charged at 2%, amounting to Rs 18,000. Together, the total fees would be Rs 81,000. 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 Kailasanadhar Koil North Street?

The Kailasanadhar Koil North 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. 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 an essential factor in the registration process when buying or selling property in Uthiramerur. It determines the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers ensure compliance with local regulations and accurately assess the financial obligations involved in property transactions.

Frequently asked questions

What is the current guideline value of Kailasanadhar Koil North Street?

The current guideline value of Kailasanadhar Koil North 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 seen several changes, starting from Rs 100 per sq.ft in 2007, increasing to Rs 900 per sq.ft in 2012, then decreasing to Rs 603 per sq.ft in 2017, and remaining stable at Rs 900 per sq.ft in 2023 and 2024.

What are the registration fees for property in Kailasanadhar Koil North Street?

For a property valued at Rs 9,00,000, the stamp duty is Rs 63,000, and the registration fee is Rs 18,000, totaling Rs 81,000.

Which Sub Registrar Office is responsible for Kailasanadhar Koil North Street?

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

What is the land classification for Kailasanadhar Koil North Street?

Kailasanadhar Koil North Street is classified as Residential Class II Type - I according to the local guidelines.