Guideline Value for Somanadhaburam Bjanai KoilStreet

Somanadhaburam Bjanai KoilStreet guideline value

The current guideline value of Somanadhaburam Bjanai KoilStreet is Rs 250 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 IV Type - III.

How the guideline value of Somanadhaburam Bjanai KoilStreet has changed

The guideline value for Somanadhaburam Bjanai KoilStreet has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2012, marking a significant rise of 150%. However, it then decreased to Rs 167 per sq.ft in 2017, a decline of 33%. The value remained unchanged at Rs 250 per sq.ft in both the 2023 and 2024 revisions, indicating no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

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 is Rs 800 per sq.ft, placing Somanadhaburam Bjanai KoilStreet's value below this median. Here are some other streets in Uthiramerur:

• Somanadhapuram Muthurampillai Street: Rs 250 per sq.ft (2024)
• Somanadhapuram Pandara Street: Rs 250 per sq.ft (2024)
• Somanadhapuram Yadhaval Street: Rs 250 per sq.ft (2024)
• South Reddy Street: Rs 1,500 per sq.ft (2024)
• S.L.Green City: Rs 300 per sq.ft (2024)
• Sinna NarasamPettai Street: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Somanadhaburam Bjanai KoilStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 Somanadhaburam Bjanai KoilStreet?

The Somanadhaburam Bjanai KoilStreet falls under the jurisdiction of 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 of property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects a value that is consistent with the established guideline values in the area.

Frequently asked questions

What is the current guideline value of Somanadhaburam Bjanai KoilStreet?

The current guideline value of Somanadhaburam Bjanai KoilStreet is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, starting from Rs 100 per sq.ft in 2007, rising to Rs 250 per sq.ft in 2012, then dropping to Rs 167 per sq.ft in 2017, and remaining at Rs 250 per sq.ft in both 2023 and 2024.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Somanadhaburam Bjanai KoilStreet?

The Uthiramerur Sub Registrar Office handles the registration for Somanadhaburam Bjanai KoilStreet, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the significance of the guideline value in property transactions?

The guideline value is essential in determining the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized value that reflects the market conditions in the area.