Guideline Value for Kizhakku Kammala Sandhu Street

Kizhakku Kammala Sandhu Street guideline value

The current guideline value of Kizhakku Kammala Sandhu Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kizhakku Kammala Sandhu Street has changed

The guideline value for Kizhakku Kammala Sandhu Street has undergone several revisions over the years. In 2007, the guideline value was Rs 147 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking a substantial rise of 512%. However, the value then decreased to Rs 603 per sq.ft in 2017, which was a drop of 33%. The value rebounded to Rs 900 per sq.ft in both 2023 and 2024, showing no change between these two revisions.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 512%.

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, placing Kizhakku Kammala Sandhu Street above that median.

• Kizhakku Kammala Street: Rs 1,000 per sq.ft (2024)
• Kizhvengadachari Street: Rs 1,500 per sq.ft (2024)
• Kedhareeshvaran Koil Street: Rs 1,000 per sq.ft (2024)
• Kollametu Kizhandai street: Rs 900 per sq.ft (2024)
• Kollametu mellandai street: Rs 900 per sq.ft (2024)
• Kattuppakkam Kalani: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kizhakku Kammala Sandhu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. It is important to 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 precise calculations.

Which Sub Registrar Office covers Kizhakku Kammala Sandhu Street?

The Sub Registrar Office that covers Kizhakku Kammala Sandhu Street 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 is a crucial factor when buying or selling property in Uthiramerur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the sale price, and the higher of the two will be used for calculating the applicable fees.

Understanding the guideline value helps ensure that all legal requirements are met during property transactions. It is advisable to check the latest values and revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kizhakku Kammala Sandhu Street?

The current guideline value of Kizhakku Kammala Sandhu Street is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 147 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then dropping to Rs 603 per sq.ft in 2017, and returning to Rs 900 per sq.ft in 2023 and 2024.

What is the land classification for Kizhakku Kammala Sandhu Street?

Kizhakku Kammala Sandhu Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 at a rate of 7%.