Guideline Value for ParuththiKollai

ParuththiKollai guideline value

The current guideline value of ParuththiKollai is Rs 401 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Special Type - II.

How the guideline value of ParuththiKollai has changed

The guideline value for ParuththiKollai has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a 300% increase. However, this value dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 400 per sq.ft in 2023, followed by a slight increase to Rs 401 per sq.ft in 2024, showing no percentage change between these two years. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 301% in the guideline value for ParuththiKollai.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this village is Rs 800 per sq.ft, placing ParuththiKollai's 2024 figure below this median.

• Parvadharajakulath street @ Sembada street: Rs 1,000 per sq.ft (2024)
• Parveli Sandhu: Rs 1,500 per sq.ft (2024)
• Panjanga Iyyar Street: Rs 1,500 per sq.ft (2024)
• Pattancheri: Rs 700 per sq.ft (2024)
• Pattancheri East Street: Rs 700 per sq.ft (2024)
• Pattancheri Endathoor Road: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in ParuththiKollai

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, while the registration fee at 2% would be Rs 8,020, bringing the total cost to Rs 36,090. Duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ParuththiKollai?

The Sub Registrar Office that covers ParuththiKollai 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 more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value, as the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the transaction is transparent and complies with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of ParuththiKollai?

The current guideline value of ParuththiKollai is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with ParuththiKollai's current figure being below this median.

What are the stamp duty rates for property in ParuththiKollai?

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

Where can I find the Sub Registrar Office for ParuththiKollai?

The Sub Registrar Office for ParuththiKollai is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.