Guideline Value for Kollametu mellandai street

Kollametu mellandai street guideline value

The current guideline value of Kollametu mellandai street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Kollametu mellandai street has changed

The guideline value for Kollametu mellandai street has seen several revisions over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a change of +512%. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, reflecting a -33% change. The value then increased to Rs 900 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

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 the 2007 revision to the 2024 revision, 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 mellandai street is above this median.

• Kollametu Kizhandai 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 mellandai 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 cost for these 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 further calculations.

Which Sub Registrar Office covers Kollametu mellandai street?

The Kollametu mellandai street is covered by 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 in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kollametu mellandai street?

The current guideline value of Kollametu mellandai 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 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 returned to Rs 900 per sq.ft in 2023 and 2024.

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

Other streets in Uthiramerur with similar guideline values include Kollametu Kizhandai street and Kizhakku Kammala Sandhu Street, both at Rs 900 per sq.ft in 2024.

What is the registration fee for property in Kollametu mellandai street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 9,00,000, the registration fee would be Rs 18,000.

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.