Guideline Value for Kedhareeshvaran Koil Street

Kedhareeshvaran Koil Street guideline value

The current guideline value of Kedhareeshvaran Koil Street is Rs 1,000 per sq.ft. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kedhareeshvaran Koil Street has changed

The guideline value for Kedhareeshvaran Koil Street has seen several revisions over the years. In 2007, the value was Rs 147 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 580%. However, in 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then increased again to Rs 1,000 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value rose by 49%, and since the 2023 revision, there has been no change leading into 2024. The revisions for the years 2002 and 2003 do not have any figures listed 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. The median value for these streets is Rs 800 per sq.ft, which means Kedhareeshvaran Koil Street's 2024 value of Rs 1,000 per sq.ft is above the median.

• Kizhakku Kammala Sandhu Street: Rs 900 per sq.ft (2024)
• Kizhakku Kammala Street: Rs 1,000 per sq.ft (2024)
• Kattuppakkam Kalani: Rs 700 per sq.ft (2024)
• Kizhvengadachari Street: Rs 1,500 per sq.ft (2024)
• Kasppa Munuswami Nayidu Street: Rs 1,000 per sq.ft (2024)
• Kollametu Kizhandai street: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Kedhareeshvaran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost Rs 90,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kedhareeshvaran Koil Street?

Kedhareeshvaran 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 here.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kedhareeshvaran Koil Street?

The current guideline value of Kedhareeshvaran Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012. It then decreased to Rs 670 per sq.ft in 2017, before returning to Rs 1,000 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Kedhareeshvaran Koil Street?

Kedhareeshvaran Koil Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

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 property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Where can I find the Uthiramerur SRO?

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