Guideline Value for Sappani Goundar street

Sappani Goundar street guideline value

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

How the guideline value of Sappani Goundar street has changed

Since the 2007 revision, which recorded a guideline value of Rs 147 per sq.ft, there have been significant changes. The value increased to Rs 1,000 per sq.ft in the 2012 revision, then decreased to Rs 670 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the 2024 revision also holds the same value, showing no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a notable increase of 580%. Overall, since 2007, the guideline value has risen by 580% to the current rate.

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 the village is Rs 800 per sq.ft, placing Sappani Goundar street's 2024 figure above this median.

• Sandilya Nagar: Rs 402 per sq.ft (2024)
• Sathakkam Kizhandai Street: Rs 900 per sq.ft (2024)
• Sathakkam Melandai Street: Rs 900 per sq.ft (2024)
• Sathakkam Street: Rs 900 per sq.ft (2024)
• Saththani vaishthaival Street: Rs 1,000 per sq.ft (2024)
• Sakkaram Godhandarama Iyyangar Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sappani Goundar 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, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sappani Goundar street?

The Sub Registrar Office that covers Sappani Goundar 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 in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the authorities will assess the guideline value to ensure that the transaction is in line with government regulations. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sappani Goundar street?

The current guideline value of Sappani Goundar 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 seen various changes, with a notable increase from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012. It then decreased to Rs 670 per sq.ft in 2017, remained at Rs 1,000 per sq.ft in 2023, and continues at that rate in 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Sappani Goundar street's 2024 figure of Rs 1,000 per sq.ft being above this median.

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 at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. This is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Sappani Goundar street?

The Uthiramerur Sub Registrar Office handles registrations for Sappani Goundar street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.