Guideline Value for Kallamanagar

Kallamanagar guideline value

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

How the guideline value of Kallamanagar has changed

The guideline value of Kallamanagar has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, in 2017, it was revised to Rs 167 per sq.ft, reflecting a decrease of 33%. The value remained at Rs 250 per sq.ft in both the 2023 and 2024 revisions, indicating no change from the previous year.

Overall, from the 2007 revision to the current 2024 revision, there has been a 150% increase in the guideline value. The 2017 to 2023 period saw a 50% increase, while the 2023 to 2024 revision showed no change.

Guideline values in Uthiramerur

Uthiramerur village has 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this village is Rs 800 per sq.ft, placing Kallamanagar's 2024 figure below that median.

• Kallamanagar Kutaikarai: 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

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value would be 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. It is important to note that 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?

The Sub Registrar Office that covers Kallamanagar is 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 plays a crucial role during property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kallamanagar?

The current guideline value of Kallamanagar 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 from Rs 100 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values. For example, Kamarajar street is valued at Rs 1,000 per sq.ft, while several streets in Kallamanagar are also valued at Rs 250 per sq.ft.

How is stamp duty calculated for property in Kallamanagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.

Where can I find the Sub Registrar Office for Kallamanagar?

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