Guideline Value for UDAIYAR STREET (WARD -18)

Udaiyar Street (Ward -18) guideline value

The current guideline value of Udaiyar Street (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Udaiyar Street (Ward -18) has changed

Over the years, the guideline value for Udaiyar Street has seen several revisions. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2023 figure was up from Rs 335 per sq.ft in 2017, reflecting a significant increase of +49%. The 2012 revision had the guideline value at Rs 500 per sq.ft, which was a decrease of -33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for Udaiyar Street. Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of +10% in the guideline value.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this village is Rs 1,100 per sq.ft, placing the 2024 value of Udaiyar Street below this median.

• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Umarupulavar Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Union Salai, Peramnur (Ward -15): Rs 440 per sq.ft (2024)
• Unity Colony (Kr): Rs 990 per sq.ft (2024)
• Travancore Residency: Rs 1,980 per sq.ft (2024)
• Town Centre M.M.Nagar (Ward -3): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Udaiyar Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Udaiyar Street (Ward -18)?

The Sub Registrar Office that covers Udaiyar Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when it comes to the registration of property transactions in Kattankollatur. It serves as a baseline for calculating the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Udaiyar Street (Ward -18)?

The current guideline value of Udaiyar Street (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Udaiyar Street?

The guideline value for Udaiyar Street has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification for Udaiyar Street?

Udaiyar Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Udaiyar Street?

The Sub Registrar Office for Udaiyar Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.