Guideline Value for UNION CARBIDE EMPLOYEES CO-OPERATIVE NAGAR

Union Carbide Employees Co-Operative Nagar guideline value

The current guideline value for Union Carbide Employees Co-Operative Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Ariyanvoyal village under the Ponneri SRO, classified as Mixed Type - II land.

How the guideline value of Union Carbide Employees Co-Operative Nagar has changed

The guideline value for Union Carbide Employees Co-Operative Nagar has seen several revisions over the years. Starting from the 2017 revision, the value was Rs 369 per sq.ft. It increased to Rs 551 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 600 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft, with a median of Rs 330 per sq.ft. The guideline value for Union Carbide Employees Co-Operative Nagar is above this median.

• T.H.Road: Rs 440 per sq.ft (2024)
• Thirupathy Nagar: Rs 440 per sq.ft (2024)
• Vignesh Nagar: Rs 330 per sq.ft (2024)
• Thangavelpuram: Rs 440 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 330 per sq.ft (2024)
• Singaraswami Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Employees Co-Operative Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. 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 Union Carbide Employees Co-Operative Nagar?

The Union Carbide Employees Co-Operative Nagar falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ariyanvoyal. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied, ensuring compliance with local regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Union Carbide Employees Co-Operative Nagar?

The current guideline value for Union Carbide Employees Co-Operative Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 369 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, marking a total increase of 63% over this period.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations in Union Carbide Employees Co-Operative Nagar?

The Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, handles property registrations in Union Carbide Employees Co-Operative Nagar.

What is the land classification for Union Carbide Employees Co-Operative Nagar?

The land classification for Union Carbide Employees Co-Operative Nagar is Mixed Type - II.