Guideline Value for UNION CARBIDE COLONY 1 TO 4 MAIN ROAD

Union Carbide Colony 1 To 4 Main Road guideline value

The current guideline value for Union Carbide Colony 1 To 4 Main Road is Rs 2,160 per sq.ft, effective from 1 July 2024. This property is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Union Carbide Colony 1 To 4 Main Road has changed

The guideline value for Union Carbide Colony 1 To 4 Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,340 per sq.ft. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,160 per sq.ft, marking an 8% increase from the previous year.

From 2012 to 2017, there was a significant decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 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 for these streets is Rs 3,300 per sq.ft, placing the 2024 figure for Union Carbide Colony 1 To 4 Main Road below this median.

• Union Carbide Colony 1 To 4 Cross Street: Rs 2,160 per sq.ft (2024)
• Union Carbide Colony: 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 Main Road

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, bringing the total charges to Rs 1,94,400. It is important to note that the 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 Main Road?

The Union Carbide Colony 1 To 4 Main Road falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Zaminpallavaram, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value is set by the Registration Department and is crucial for ensuring that all transactions are compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs associated with property transactions. The guideline value serves as a reference point for assessing property value during registration.

Frequently asked questions

What is the current guideline value for Union Carbide Colony 1 To 4 Main Road?

The current guideline value for Union Carbide Colony 1 To 4 Main Road 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 back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,160 per sq.ft in 2024.

What is the land classification for this area?

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

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for properties in Zaminpallavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,60,000, the stamp duty would be calculated at 7% of this amount.