Guideline Value for Kuzhambarakoil street

Kuzhambarakoil street guideline value

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

How the guideline value of Kuzhambarakoil street has changed

Over the years, the guideline value of Kuzhambarakoil street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 147 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a substantial rise of 376%. However, in the subsequent revision in 2017, the value decreased to Rs 469 per sq.ft, a drop of 33%. The guideline value then rose again to Rs 700 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

The register has no figures for Kuzhambarakoil street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 376%.

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. Kuzhambarakoil street's 2024 figure is below this median.

• Kuzhambara Koil Kammala Street: Rs 900 per sq.ft (2024)
• Kuzhambara koil 2-nd Street: Rs 700 per sq.ft (2024)
• Kuzhambara koil 1-st Street: Rs 700 per sq.ft (2024)
• Kuppaiyanaloor Kalani: Rs 700 per sq.ft (2024)
• Kulaththangarai street: Rs 1,000 per sq.ft (2024)
• Madhuriyamman Koil Street: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Kuzhambarakoil 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 fees to Rs 63,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuzhambarakoil street?

Kuzhambarakoil 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 Uthiramerur

The guideline value is a critical factor when buying or selling property in Uthiramerur. It serves as a reference point for calculating the stamp duty and registration fees applicable during the property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When registering a property, the guideline value is used to determine the official value of the property for taxation purposes. This ensures that both parties in a transaction are aware of the financial responsibilities involved, based on the established guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kuzhambarakoil street?

The current guideline value of Kuzhambarakoil 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, and returned to Rs 700 per sq.ft in 2023 and 2024.

What other streets have guideline values in Uthiramerur?

Other streets in Uthiramerur include Kuzhambara Koil Kammala Street at Rs 900 per sq.ft, Kuzhambara koil 2-nd Street at Rs 700 per sq.ft, and several others with varying values.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2% of the guideline value. For example, on a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees would be Rs 63,000.

Where can I find more information about 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. More information can be found by visiting the official site to find your SRO.