Guideline Value for Kozhambara Koil 2st Street

Kozhambara Koil 2st Street guideline value

The current guideline value of Kozhambara Koil 2st Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Vedapalayam village under the Uthiramerur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Kozhambara Koil 2st Street has changed

Over the years, the guideline value of Kozhambara Koil 2st Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 268 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The 2023 revision maintained the value at Rs 400 per sq.ft, which was a significant increase of 49% from the 2017 figure. The current 2024 revision also holds the value at Rs 400 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Kozhambara Koil 2st Street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the current value of Kozhambara Koil 2st Street.

• Kozhambara Koil 1st 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 2st 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 cost for these fees to Rs 36,000. Please 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 information.

Which Sub Registrar Office covers Kozhambara Koil 2st Street?

The Kozhambara Koil 2st Street falls under the jurisdiction of 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 Vedapalayam

The guideline value is a crucial factor when registering property transactions in Vedapalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable fees. This ensures that the registration process is transparent and standardized across different properties in the area.

Frequently asked questions

What is the current guideline value of Kozhambara Koil 2st Street?

The current guideline value of Kozhambara Koil 2st 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 remained stable at Rs 400 per sq.ft from 2012 to 2024, with a notable increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification of Kozhambara Koil 2st Street?

Kozhambara Koil 2st Street is classified under Residential Class I Type - I.

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 the stamp duty calculated for properties in Kozhambara Koil 2st Street?

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