Guideline Value for Kallamanagar Kutaikarai

Kallamanagar Kutaikarai guideline value

The current guideline value for Kallamanagar Kutaikarai is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Uthiramerur village, under the Uthiramerur SRO, classified as Residential Class IV Type - III.

How the guideline value of Kallamanagar Kutaikarai has changed

The guideline value for Kallamanagar Kutaikarai has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2012, marking a significant rise of 150%. However, in 2017, the value decreased to Rs 167 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 250 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 50%. The overall change from 2007 to 2024 is an increase of 150%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 Kallamanagar Kutaikarai is below this median.

• Kallamanagar: Rs 250 per sq.ft (2024)
• Kallamanagar Kuttakkarai-1: Rs 250 per sq.ft (2024)
• Kallamanagar Kuttakkarai-2: Rs 250 per sq.ft (2024)
• Kallamanagar Kuttakkarai-3: Rs 250 per sq.ft (2024)
• Kamarajar street: Rs 1,000 per sq.ft (2024)
• Kakanalloor Sakthi Vinayagar Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kallamanagar Kutaikarai

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the 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, totaling Rs 22,500. 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 more details.

Which Sub Registrar Office covers Kallamanagar Kutaikarai?

The Kallamanagar Kutaikarai area 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 further assistance.

How the guideline value is used when you buy or sell in Uthiramerur

The guideline value is a critical factor when registering a property in Uthiramerur. It determines the amount of stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of property transactions. It serves as a benchmark for property valuation and ensures that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Kallamanagar Kutaikarai?

The current guideline value of Kallamanagar Kutaikarai is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 250 per sq.ft in 2023 and 2024. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in Kallamanagar Kutaikarai?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kallamanagar Kutaikarai?

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

What is the land classification for Kallamanagar Kutaikarai?

Kallamanagar Kutaikarai is classified as Residential Class IV Type - III, which indicates its suitability for residential development.