Guideline Value for Kizhvengadachari Street

Kizhvengadachari Street guideline value

The current guideline value of Kizhvengadachari Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kizhvengadachari Street has changed

In the 2007 revision, the guideline value was Rs 147 per sq.ft. This increased to Rs 600 per sq.ft in 2012, marking a rise of 308%. However, the value decreased to Rs 402 per sq.ft in 2017, which is a decline of 33%. From 2017 to 2023, the value surged to Rs 1,500 per sq.ft, reflecting an increase of 273%. The 2023 value remained unchanged at Rs 1,500 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for Kizhvengadachari Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 920%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that have 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. Kizhvengadachari Street's 2024 figure of Rs 1,500 per sq.ft is above this median.

• Kizhakku Kammala Street: Rs 1,000 per sq.ft (2024)
• Kizhakku Kammala Sandhu Street: Rs 900 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 Kizhvengadachari Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Please note that 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 information.

Which Sub Registrar Office covers Kizhvengadachari Street?

Kizhvengadachari Street 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 details.

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 determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall cost of the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are paid during the registration process.

Frequently asked questions

What is the current guideline value of Kizhvengadachari Street?

The current guideline value of Kizhvengadachari Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 920%.

What are the other streets in Uthiramerur with their guideline values?

Other streets in Uthiramerur include Kizhakku Kammala Street at Rs 1,000 per sq.ft, Kizhakku Kammala Sandhu Street at Rs 900 per sq.ft, and Kedhareeshvaran Koil Street at Rs 1,000 per sq.ft, among others.

What are the stamp duty and registration fees for property in Kizhvengadachari Street?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Kizhvengadachari Street?

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