Guideline Value for Kollametu Kizhandai street

Kollametu Kizhandai street guideline value

The current guideline value for Kollametu Kizhandai 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 Kollametu Kizhandai street has changed

The guideline value for Kollametu Kizhandai street has seen several revisions over the years. The 2007 revision recorded a guideline value of Rs 147 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a rise of 512%. However, from 2012 to 2017, the value decreased by 33% to Rs 603 per sq.ft. The 2023 revision maintained the value at Rs 900 per sq.ft, and the 2024 revision also holds the same value, indicating no change from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 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, with a median value of Rs 800 per sq.ft. The guideline value for Kollametu Kizhandai street is above this median.

• Kollametu mellandai street: Rs 900 per sq.ft (2024)
• Kizhvengadachari Street: Rs 1,500 per sq.ft (2024)
• 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)
• Krishna Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kollametu Kizhandai street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kollametu Kizhandai street?

The Sub Registrar Office that covers Kollametu Kizhandai 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees applicable during the registration of property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

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

Frequently asked questions

What is the current guideline value of Kollametu Kizhandai street?

The current guideline value of Kollametu Kizhandai 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 from Rs 147 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and has remained at Rs 900 per sq.ft in 2023 and 2024.

What is the land classification of Kollametu Kizhandai street?

Kollametu Kizhandai street is classified as Residential Class II Type - I.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Kollametu Kizhandai street's current value being above this median.

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.