Guideline Value for UDAIYAR STREET NINNAKKARAI (WARD -19)

Udaiyar Street Ninnakkarai (Ward -19) guideline value

The current guideline value of Udaiyar Street Ninnakkarai (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Udaiyar Street Ninnakkarai (Ward -19) has changed

The guideline value for Udaiyar Street Ninnakkarai has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase in the following revisions, rising to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, reflecting an increase of 10% from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, there has been a net increase of 10%. It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are a total of 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, making the guideline value of Udaiyar Street Ninnakkarai lower than the median.

• Udaiyar Street (Ward -18): Rs 550 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 Ninnakkarai (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees Rs 59,400. It is important to note that the 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 Udaiyar Street Ninnakkarai (Ward -19)?

The Sub Registrar Office that covers Udaiyar Street Ninnakkarai (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the higher of the guideline value or the sale price is taken into account for calculating the applicable duties. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Udaiyar Street Ninnakkarai (Ward -19)?

The current guideline value of Udaiyar Street Ninnakkarai (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the land classification for Udaiyar Street Ninnakkarai?

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

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 59,400 in fees based on the current guideline value.

Which Sub Registrar Office covers this area?

The Chengleput Joint II Sub Registrar Office covers Udaiyar Street Ninnakkarai (Ward -19). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.