Guideline Value for Parvadharajakulath street @ Sembada street

Parvadharajakulath street @ Sembada street guideline value

The current guideline value of Parvadharajakulath street @ Sembada street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village and falls under the Uthiramerur SRO with a land classification of Residential Class I Type - I.

How the guideline value of Parvadharajakulath street @ Sembada street has changed

Over the years, the guideline value for Parvadharajakulath street @ Sembada street has seen several revisions. The 2007 revision set the value at Rs 147 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the current 2024 revision also holds the same rate, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The substantial rise from 2007 to 2012 was +580%, while the drop from 2012 to 2017 was -33%. Overall, from 2007 to 2024, the increase is +580%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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. The guideline value of Parvadharajakulath street @ Sembada street is above this median.

• ParuththiKollai: Rs 401 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 Parvadharajakulath street @ Sembada street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Parvadharajakulath street @ Sembada street?

The Sub Registrar Office that covers Parvadharajakulath street @ Sembada 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 more information.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It determines the minimum price at which properties can be registered, ensuring that the state government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value as it directly impacts the costs associated with the transaction. The rates set in the guideline value register are updated periodically to reflect changes in the market and local conditions.

Frequently asked questions

What is the current guideline value of Parvadharajakulath street @ Sembada street?

The current guideline value of Parvadharajakulath street @ Sembada street is Rs 1,000 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 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, remained at Rs 1,000 per sq.ft in 2023, and continues at Rs 1,000 per sq.ft in 2024.

What is the land classification for Parvadharajakulath street @ Sembada street?

Parvadharajakulath street @ Sembada street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Parvadharajakulath street @ Sembada street is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the stamp duty calculated for property in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.