Guideline Value for ULAVEETHI AMMAN KOIL 2ND STREET

Ulaveethi Amman Koil 2nd Street guideline value

The current guideline value of Ulaveethi Amman Koil 2nd Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of Ulaveethi Amman Koil 2nd Street has changed

The guideline value register has no figures for Ulaveethi Amman Koil 2nd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,100 per sq.ft.

As there are no figures available for the previous years, the only current value is from the 2024 revision. There have been no changes between the revisions above.

Guideline values in Sholinganallur - 1

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

• Ulaveethi Amman Koil 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ulaveethi Amman Koil 2nd Street?

The Sub Registrar Office that covers Ulaveethi Amman Koil 2nd Street is 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 details.

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

The guideline value is a critical factor during the registration process of property transactions in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It is essential to be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ulaveethi Amman Koil 2nd Street?

The current guideline value of Ulaveethi Amman Koil 2nd Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value for Ulaveethi Amman Koil 2nd Street?

There have been no changes in the guideline value for Ulaveethi Amman Koil 2nd Street between the revisions available in the register.

Which Sub Registrar Office covers Ulaveethi Amman Koil 2nd Street?

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

What is the stamp duty rate for properties in Ulaveethi Amman Koil 2nd Street?

The stamp duty rate for properties in Ulaveethi Amman Koil 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including the classification of the land and the prevailing market conditions. It is revised periodically, with the latest revision effective from 1 July 2024.