Guideline Value for Sakkaram Godhandarama Iyyangar Street

Sakkaram Godhandarama Iyyangar Street guideline value

The current guideline value of Sakkaram Godhandarama Iyyangar Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sakkaram Godhandarama Iyyangar Street has changed

The guideline value for Sakkaram Godhandarama Iyyangar Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which significantly increased to Rs 1,000 per sq.ft in the 2012 revision. However, it dropped to Rs 670 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and this value remains unchanged in the 2024 revision, reflecting a 0% change from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. The substantial rise from 2007 to 2012 was 580%. Overall, from 2007 to 2024, the guideline value has increased by 580%. 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 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. Sakkaram Godhandarama Iyyangar Street's 2024 figure of Rs 1,000 per sq.ft is above this median.

• Sandilya Nagar: Rs 402 per sq.ft (2024)
• Sadhkkam Pudhu Street: Rs 900 per sq.ft (2024)
• Sappani Goundar street: Rs 1,000 per sq.ft (2024)
• Risarve Kulam Street: Rs 1,000 per sq.ft (2024)
• Sathakkam Kizhandai Street: Rs 900 per sq.ft (2024)
• Sathakkam Melandai Street: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sakkaram Godhandarama Iyyangar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total charges Rs 90,000. 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 further calculations.

Which Sub Registrar Office covers Sakkaram Godhandarama Iyyangar Street?

The Sub Registrar Office that covers Sakkaram Godhandarama Iyyangar 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 plays a crucial role during the registration of property transactions in Uthiramerur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Sakkaram Godhandarama Iyyangar Street?

The current guideline value of Sakkaram Godhandarama Iyyangar 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, and remained at Rs 1,000 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are charged based on the higher of the guideline value or the sale price.

Which office handles the registration for Sakkaram Godhandarama Iyyangar Street?

The Uthiramerur Sub Registrar Office handles the registration for Sakkaram Godhandarama Iyyangar Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the guideline value determined for properties in Uthiramerur?

The guideline value for properties in Uthiramerur is determined by the Registration Department and is based on various factors, including land classification and previous revision figures. It ensures that properties are registered at a fair value for taxation purposes.