Guideline Value for Kuzhambara koil 2-nd Street

Kuzhambara koil 2-nd Street guideline value

The current guideline value of Kuzhambara koil 2-nd Street is Rs 700 per sq.ft, 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 2-nd Street has changed

The guideline value for Kuzhambara koil 2-nd Street has seen several revisions over the years. In 2007, the guideline value was Rs 147 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017, before rising back to Rs 700 per sq.ft in both the 2023 and 2024 revisions. Notably, the register has no figures for this street in the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. There was no change from 2023 to 2024, maintaining the value at Rs 700 per sq.ft. Overall, from 2007 to 2024, there has been a significant increase of 376% in the guideline value.

Guideline values in Uthiramerur

Uthiramerur village has a total of 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value is Rs 800 per sq.ft, indicating that Kuzhambara koil 2-nd Street's 2024 figure is below this median.

• Kuzhambara koil 1-st 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 2-nd 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 amount to Rs 49,000, while 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 higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuzhambara koil 2-nd Street?

The Sub Registrar Office that covers Kuzhambara koil 2-nd Street is 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 additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Uthiramerur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring transparency in the transaction process.

When you register a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kuzhambara koil 2-nd Street?

The current guideline value of Kuzhambara koil 2-nd 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 several times, with the most recent revision in 2024 maintaining the value at Rs 700 per sq.ft. The value was Rs 469 per sq.ft in 2017 and has seen a significant increase of 376% since 2007.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. This is based on the guideline value of Rs 700 per sq.ft for a 1,000 sq.ft plot.

Which office handles property registrations in Uthiramerur?

The Uthiramerur Sub Registrar Office handles property registrations for Kuzhambara koil 2-nd Street. It is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property transactions, ensuring that all parties are aware of the costs involved. It also serves as a basis for calculating stamp duty and registration fees during the registration process.