Guideline Value for Kozhambara Koil Street

Kozhambara Koil Street guideline value

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

How the guideline value of Kozhambara Koil Street has changed

The guideline value for Kozhambara Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 268 per sq.ft, indicating a decrease of 33% from the 2012 figure. The 2023 revision also maintained the value at Rs 400 per sq.ft, and the same value has been retained in the 2024 revision, reflecting a 0% change from the previous year.

From 2012 to 2024, the overall change in the guideline value is 0%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Vedapalayam

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

• Kozhambara Koil 2st Street: Rs 400 per sq.ft (2024)
• Kozhambara Koil 1st 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 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 be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kozhambara Koil Street?

The Kozhambara Koil 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 crucial factor during property registration in Vedapalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price. The duty is charged based on the higher of the two amounts, ensuring that the correct fees are applied during the registration process.

Frequently asked questions

What is the current guideline value for Kozhambara Koil Street?

The current guideline value for Kozhambara Koil 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 at Rs 400 per sq.ft in the 2023 and 2024 revisions. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

Where can I find the registration office for Kozhambara Koil Street?

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

What are the stamp duty and registration fees for properties in Kozhambara Koil Street?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

What is the land classification for Kozhambara Koil Street?

Kozhambara Koil Street is classified as Residential Class I Type - I under the Uthiramerur SRO.