Guideline Value for Little Orchars

Little Orchars guideline value

The current guideline value of Little Orchars is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under Ulunthai village and is classified as Residential Class II Type - I, within the jurisdiction of the Sunguvarchattram SRO.

How the guideline value of Little Orchars has changed

Over the years, the guideline value of Little Orchars has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. The subsequent 2023 revision brought it back to Rs 150 per sq.ft, and the latest 2024 revision has kept it at Rs 150 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 50%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft, with the median being Rs 150 per sq.ft. The guideline value of Little Orchars is equal to this median.

• Logaiya Naidu Avenue: Rs 285 per sq.ft (2024)
• Main Road: Rs 150 per sq.ft (2024)
• Mandhaiveli Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Muthiriyar Street: Rs 150 per sq.ft (2024)
• Nadu Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Little Orchars

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 accurate calculations.

Which Sub Registrar Office covers Little Orchars?

The Sub Registrar Office that covers Little Orchars is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ulunthai. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

Buyers and sellers should be aware that the guideline value serves as a benchmark for property transactions, ensuring that the registration reflects the official value set by the state. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Little Orchars?

The current guideline value of Little Orchars is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017 before returning to Rs 150 per sq.ft in 2023.

What is the classification of land in Little Orchars?

Little Orchars is classified as Residential Class II Type - I, which indicates its designation for residential use.

Where can I find the Sub Registrar Office for Little Orchars?

The Sub Registrar Office for Little Orchars is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Little Orchars?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 10,500.