Guideline Value for Kozhambara Koil 1st Street

Kozhambara Koil 1st Street guideline value

The current guideline value of Kozhambara Koil 1st Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vedapalayam village under the Uthiramerur SRO, classified as Residential Class I Type - I.

How the guideline value of Kozhambara Koil 1st Street has changed

The guideline value for Kozhambara Koil 1st Street has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 400 per sq.ft, consistent with the previous year's 2023 figure of Rs 400 per sq.ft, indicating no change. The 2017 revision saw a significant increase to Rs 268 per sq.ft, which was a 49% rise from the 2012 revision, where the value was Rs 400 per sq.ft. Notably, the revisions for the years 2002, 2003, and 2007 do not have any recorded figures for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, there has been no overall change, remaining at Rs 400 per sq.ft. The consistent value in recent revisions suggests stability in the guideline value for Kozhambara Koil 1st Street.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO, with 2024 guideline values ranging from Rs 200 to Rs 900 per sq.ft. The median value across these streets is Rs 400 per sq.ft, placing Kozhambara Koil 1st Street at the median value.

• Kozhambara Koil 2st Street: Rs 400 per sq.ft (2024)
• Kozhambara Koil Street: Rs 400 per sq.ft (2024)
• Mannan Kodisai 1st Street: Rs 300 per sq.ft (2024)
• Mannan Kodisai 2st Street: Rs 300 per sq.ft (2024)
• Mannan Kodisai 3st Street: Rs 300 per sq.ft (2024)
• M.G.R Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kozhambara Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kozhambara Koil 1st Street?

The Kozhambara Koil 1st 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 information.

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

The guideline value is a critical factor when registering property transactions in Vedapalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications of the transaction. This value helps in determining the costs associated with registration and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kozhambara Koil 1st Street?

The current guideline value of Kozhambara Koil 1st Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 400 per sq.ft in both 2023 and 2024. The value was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification for Kozhambara Koil 1st Street?

Kozhambara Koil 1st Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Uthiramerur Sub Registrar Office?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty at 7% would be Rs 28,000.