Guideline Value for Raice Mill sandhu

Raice Mill sandhu guideline value

The current guideline value of Raice Mill sandhu is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Uthiramerur village, under the Uthiramerur SRO, classified as Residential Class II Type - I.

How the guideline value of Raice Mill sandhu has changed

The guideline value for Raice Mill sandhu has seen several revisions over the years. In 2007, the value was Rs 147 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, this value dropped to Rs 603 per sq.ft in 2017 before rising again to Rs 900 per sq.ft in both 2023 and 2024, indicating no change between these two years.

Between the revisions, the most notable change occurred from 2007 to 2012, where the value increased by 512%. Following that, there was a decrease of 33% from 2012 to 2017. The overall change from 2007 to 2024 reflects a 512% increase, showcasing the fluctuations in the guideline value over the years. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Raice Mill sandhu's 2024 value above this median.

• Ragavendra Nagar: Rs 300 per sq.ft (2024)
• RagavaNattan Street: Rs 1,200 per sq.ft (2024)
• Raj Street: Rs 700 per sq.ft (2024)
• Pirabu Avenue: Rs 900 per sq.ft (2024)
• Pinjukutti Street: Rs 1,000 per sq.ft (2024)
• Ramji Ragar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Raice Mill sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, while the registration fee at 2% would be Rs 18,000, bringing the total fees together to Rs 81,000. 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 Raice Mill sandhu?

The Sub Registrar Office that covers Raice Mill sandhu 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 plays a crucial role in property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area. The registration process requires that these fees be calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value can influence the pricing strategy. Sellers and buyers should be aware of the current guideline value to ensure that they are making informed decisions during negotiations and transactions.

Frequently asked questions

What is the current guideline value of Raice Mill sandhu?

The current guideline value of Raice Mill sandhu is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with significant changes noted from Rs 147 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, and then a decrease to Rs 603 per sq.ft in 2017. It has remained at Rs 900 per sq.ft since 2023.

What is the land classification of Raice Mill sandhu?

Raice Mill sandhu is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Raice Mill sandhu?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 9,00,000, the total fees would amount to Rs 81,000.

Where is the Uthiramerur Sub Registrar Office located?

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