Guideline Value for UNAMANCHERI MAIN ROAD

Unamancheri Main Road guideline value

The current guideline value of Unamancheri Main Road is Rs 1,000 per sq.ft. This road is located in Kolapakkam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Unamancheri Main Road has changed

Over the years, the guideline value for Unamancheri Main Road has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 230 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 335%. However, from 2012 to 2017, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 has restored the guideline value back to Rs 1,000 per sq.ft, representing an increase of 49% from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 335%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures provided for Kolapakkam. Unamancheri Main Road is part of the Gooduvancheri SRO, and there are no other streets in Kolapakkam listed under this SRO.

Stamp duty and registration fee for property in Unamancheri Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Unamancheri Main Road?

The Sub Registrar Office that covers Unamancheri Main Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kolapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, which is essential for both buyers and sellers to understand before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of Unamancheri Main Road?

The current guideline value of Unamancheri Main Road is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 230 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreasing to Rs 670 per sq.ft in 2017, and finally returning to Rs 1,000 per sq.ft in 2023.

What is the stamp duty for properties on Unamancheri Main Road?

The stamp duty for properties on Unamancheri Main Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration. It is compared with the sale price, and the higher value is used to calculate the stamp duty and registration fees.