Guideline Value for Kallamanagar Kuttakkarai-3

Kallamanagar Kuttakkarai-3 guideline value

The current guideline value of Kallamanagar Kuttakkarai-3 is Rs 250 per sq.ft, effective from 1 July 2024. This property 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 Kallamanagar Kuttakkarai-3 has changed

Over the years, the guideline value for Kallamanagar Kuttakkarai-3 has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 250 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 167 per sq.ft, before returning to Rs 250 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the value increased by 50%, while from 2012 to 2017, it decreased by 33%. The substantial rise from 2007 to 2012 of 150% was followed by a stable value from 2012 to 2024, maintaining Rs 250 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, where the median is Rs 800 per sq.ft. Kallamanagar Kuttakkarai-3's current guideline value is below this median.

• Kallamanagar Kuttakkarai-2: Rs 250 per sq.ft (2024)
• Kallamanagar Kuttakkarai-1: Rs 250 per sq.ft (2024)
• Kallamanagar Kutaikarai: Rs 250 per sq.ft (2024)
• Kallamanagar: 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 Kuttakkarai-3

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, while the registration fee at 2% would be Rs 5,000, making the total Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kallamanagar Kuttakkarai-3?

The Kallamanagar Kuttakkarai-3 property falls under 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 during the registration of property transactions in Uthiramerur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property, which is essential for legal and financial documentation. It is important for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kallamanagar Kuttakkarai-3?

The current guideline value of Kallamanagar Kuttakkarai-3 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 multiple times, with the most recent revision in 2024 maintaining the value at Rs 250 per sq.ft. Notably, it increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Kallamanagar Kuttakkarai-3?

Kallamanagar Kuttakkarai-3 falls under the Residential Class IV Type - III land classification, which is common for residential properties in the area.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%, and the registration fee would be Rs 5,000 at 2%, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Uthiramerur Sub Registrar Office located?

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