Guideline Value for UMARUPULAVAR STREET (WARD -6)

Umarupulavar Street (Ward -6) guideline value

The current guideline value of Umarupulavar Street (Ward -6) is Rs 1,760 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 Special Type - III.

How the guideline value of Umarupulavar Street (Ward -6) has changed

Over the years, the guideline value of Umarupulavar Street has seen several revisions. The 2012 revision set the value at Rs 1,600 per sq.ft, which was followed by a decrease to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 1,600 per sq.ft in the 2023 revision, representing a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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. The median guideline value in this village is Rs 1,100 per sq.ft, placing Umarupulavar Street's 2024 figure above this median.

• Union Salai, Peramnur (Ward -15): Rs 440 per sq.ft (2024)
• Unity Colony (Kr): Rs 990 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 550 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Vaamana Munivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vaanavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Umarupulavar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty, charged at 7%, would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that the 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 Umarupulavar Street (Ward -6)?

The Sub Registrar Office that covers Umarupulavar Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 plays a crucial role in property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating property prices to ensure compliance with registration requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Umarupulavar Street (Ward -6)?

The current guideline value of Umarupulavar Street (Ward -6) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Umarupulavar Street?

The land classification for Umarupulavar Street (Ward -6) is Residential Special Type - III.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, which is below the current value of Umarupulavar Street.

Where is the Sub Registrar Office for Umarupulavar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.