Guideline Value for Kakanalloor Sakthi Vinayagar Koil Street

Kakanalloor Sakthi Vinayagar Koil Street guideline value

The current guideline value for Kakanalloor Sakthi Vinayagar Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and falls under the Residential Class IV Type - III land classification.

How the guideline value of Kakanalloor Sakthi Vinayagar Koil Street has changed

The guideline value for Kakanalloor Sakthi Vinayagar Koil 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 250 per sq.ft in 2012, marking a 150% rise. However, in 2017, the value decreased to Rs 167 per sq.ft, reflecting a decline of 33% before returning to Rs 250 per sq.ft in 2023 and 2024, showing no change between these two revisions.

From 2017 to 2023, the guideline value increased by 50%. The overall change from the 2007 revision to the current 2024 revision is an increase of 150%, indicating a significant adjustment over the years. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Kakanalloor Sakthi Vinayagar Koil Street's 2024 guideline value is below this median.

• Kakanalloor Sakthi vinayagar Koil Nadu Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 3rd Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 2nd Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 1st Street: Rs 250 per sq.ft (2024)
• Kakanalloor Road Street: Rs 300 per sq.ft (2024)
• kakanalloor Palla Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kakanalloor Sakthi Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kakanalloor Sakthi Vinayagar Koil Street?

The Kakanalloor Sakthi Vinayagar Koil 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 a critical factor during the registration of property transactions in Uthiramerur. It serves as a baseline for calculating the stamp duty and registration fees, ensuring that these charges reflect the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum sale price for registration purposes. This ensures transparency and consistency in property transactions within the Uthiramerur area.

Frequently asked questions

What is the current guideline value of Kakanalloor Sakthi Vinayagar Koil Street?

The current guideline value of Kakanalloor Sakthi Vinayagar Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft. The value saw a decrease in 2017 to Rs 167 per sq.ft but increased again to Rs 250 per sq.ft in 2023 and 2024.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kakanalloor Sakthi Vinayagar Koil Street?

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

What is the land classification for Kakanalloor Sakthi Vinayagar Koil Street?

Kakanalloor Sakthi Vinayagar Koil Street is classified under Residential Class IV Type - III. This classification is important for determining the guideline value and related property regulations.