Guideline Value for UNION CARBIDE COLONY 1 TO 4 CROSS STREET

Union Carbide Colony 1 To 4 Cross Street guideline value

The current guideline value of Union Carbide Colony 1 To 4 Cross Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and it falls under Residential Class III Type - I land classification.

How the guideline value of Union Carbide Colony 1 To 4 Cross Street has changed

The guideline value for Union Carbide Colony 1 To 4 Cross Street has undergone several revisions over the years. Starting from the 2012 revision, the value was Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 2,160 per sq.ft, reflecting an 8% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision shows an increase of 8%. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, making the current figure for Union Carbide Colony 1 To 4 Cross Street below that median.

• Union Carbide Colony: Rs 2,160 per sq.ft (2024)
• Union Carbide Colony 1 To 4 Main Road: Rs 2,160 per sq.ft (2024)
• Tvs Emerald: Rs 4,400 per sq.ft (2024)
• T.S. Lakshmanan Nagar 2nd Street (Near Thiruneer Malai Road): Rs 3,300 per sq.ft (2024)
• T.S. Lakshmanan Nagar 1st Street (Near Thiruneer Malai Road): Rs 3,300 per sq.ft (2024)
• T.S.Lakshmanan Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Colony 1 To 4 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration would be Rs 1,94,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Union Carbide Colony 1 To 4 Cross Street?

The Sub Registrar Office that covers Union Carbide Colony 1 To 4 Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Union Carbide Colony 1 To 4 Cross Street?

The current guideline value for Union Carbide Colony 1 To 4 Cross Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,160 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

Which registration office is responsible for Union Carbide Colony 1 To 4 Cross Street?

The Pallavaram Sub Registrar Office is responsible for Union Carbide Colony 1 To 4 Cross Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Union Carbide Colony 1 To 4 Cross Street?

The land classification for Union Carbide Colony 1 To 4 Cross Street is Residential Class III Type - I.