Guideline Value for Kuzhambara koil 1-st Street

Kuzhambara koil 1-st Street guideline value

The current guideline value of Kuzhambara koil 1-st Street is Rs 700 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kuzhambara koil 1-st Street has changed

Over the years, the guideline value for Kuzhambara koil 1-st Street has seen several revisions. In 2007, the value was Rs 147 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, this was followed by a decrease to Rs 469 per sq.ft in 2017. The value then remained stable at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 shows a remarkable increase of 376%. It is important to note that the register has no figures for Kuzhambara koil 1-st Street for the years 2002 and 2003.

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. Kuzhambara koil 1-st Street's 2024 figure is below this median.

• Kuzhambara koil 2-nd Street: Rs 700 per sq.ft (2024)
• Kuzhambara Koil Kammala Street: Rs 900 per sq.ft (2024)
• Kuzhambarakoil street: Rs 700 per sq.ft (2024)
• Kuppaiyanaloor Kalani: Rs 700 per sq.ft (2024)
• Kulaththangarai 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 Kuzhambara koil 1-st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuzhambara koil 1-st Street?

The Kuzhambara koil 1-st 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 information.

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

The guideline value is a critical factor in property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of real estate in the region.

Frequently asked questions

What is the current guideline value of Kuzhambara koil 1-st Street?

The current guideline value of Kuzhambara koil 1-st Street is Rs 700 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 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017. It remained at Rs 700 per sq.ft in both 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Kuzhambara koil 1-st Street's 2024 figure being below this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is typically 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Kuzhambara koil 1-st Street?

The Uthiramerur Sub Registrar Office handles property registrations for Kuzhambara koil 1-st Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.