Guideline Value for ULAVEETHI AMMAN KOIL 1ST STREET

Ulaveethi Amman Koil 1st Street guideline value

The current guideline value of Ulaveethi Amman Koil 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Ulaveethi Amman Koil 1st Street has changed

In the 2023 revision, the guideline value for Ulaveethi Amman Koil 1st Street was Rs 1,000 per sq.ft. The latest 2024 revision shows an increase of 10%, bringing the current guideline value to Rs 1,100 per sq.ft. The register has no figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

To summarize the changes, the guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. This change reflects the adjustments made in the guideline values across various streets in the area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value range from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Ulaveethi Amman Koil 1st Street's 2024 figure is below this median.

• Ulaveethi Amman Koil 2nd Street: Rs 1,100 per sq.ft (2024)
• Ulaveethi Amman Koil Street: Rs 1,100 per sq.ft (2024)
• Uma Maheswari Avenue: Rs 2,200 per sq.ft (2024)
• Umapathi Lane: Rs 1,700 per sq.ft (2024)
• Uma Thottam: Rs 1,700 per sq.ft (2024)
• Uratchi Ondirya School Street 1st Cross Street Extension: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ulaveethi Amman Koil 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 details.

Which Sub Registrar Office covers Ulaveethi Amman Koil 1st Street?

The Ulaveethi Amman Koil 1st Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ulaveethi Amman Koil 1st Street?

The current guideline value of Ulaveethi Amman Koil 1st Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Ulaveethi Amman Koil 1st Street?

The land classification for Ulaveethi Amman Koil 1st Street is Residential Class V Type - I. This classification indicates the residential nature of the area.

Where can I find the registration office for Ulaveethi Amman Koil 1st Street?

The registration office covering Ulaveethi Amman Koil 1st Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.