Guideline Value for Kailasanadhar Koil South Street

Kailasanadhar Koil South Street guideline value

The current guideline value of Kailasanadhar Koil South Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, classified as Residential Class II Type - I.

How the guideline value of Kailasanadhar Koil South Street has changed

The guideline value for Kailasanadhar Koil South Street has seen several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking an increase of 800%. However, between 2012 and 2017, the value decreased by 33% to Rs 603 per sq.ft. The subsequent revision in 2023 maintained the value at Rs 900 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has increased by 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. The median value is Rs 800 per sq.ft, placing Kailasanadhar Koil South Street's 2024 figure above this median.

• Kailasanadhar Koil North Street: Rs 900 per sq.ft (2024)
• Kailasanadhar Kiol Street: Rs 900 per sq.ft (2024)
• kakanalloor Palla Street: Rs 300 per sq.ft (2024)
• Kacheri Street: Rs 1,500 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 South 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 to Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kailasanadhar Koil South Street?

The Kailasanadhar Koil South 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 in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay these fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Kailasanadhar Koil South 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 has remained at Rs 900 per sq.ft since 2012.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Kailasanadhar Koil South Street's 2024 value being above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 81,000.

Which office handles the registration for Kailasanadhar Koil South Street?

The Uthiramerur Sub Registrar Office handles the registration for Kailasanadhar Koil South Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.