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Guideline Value

Corporate

Guideline Value for UNITED INDIA COLONY 1ST CROSS STREET

₹8800/sq.ft.

The guideline value for United India Colony 1st Cross Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1861 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1695 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on United India Colony 1st Cross Street

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United India Colony 1st Cross Street guideline value

The current guideline value of United India Colony 1st Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, and it falls under the Commercial Class I Type - I land classification.

How the guideline value of United India Colony 1st Cross Street has changed

The guideline value for United India Colony 1st Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 1,695 per sq.ft. This increased to Rs 1,861 per sq.ft in 2003, marking a rise of 10%. The value then experienced a substantial increase of 29% to reach Rs 2,400 per sq.ft in 2007. Following this, the value surged by 233% to Rs 8,000 per sq.ft in 2012. However, there was a decline of 33% in 2017, bringing the value down to Rs 5,360 per sq.ft. The most recent revision in 2024 saw a significant increase of 64%, resulting in the current guideline value of Rs 8,800 per sq.ft.

It is important to note that there is no figure available for the 2023 revision for this street.

Guideline values in Puliyur

In Puliyur, there are a total of 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which means the guideline value of United India Colony 1st Cross Street is above this median.

Stamp duty and registration fee for property in United India Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty, charged at 7%, would amount to Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. Therefore, the total cost for stamp duty and registration would be Rs 7,92,000. It is important to note that 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 United India Colony 1st Cross Street?

The Sub Registrar Office that covers United India Colony 1st Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to determine the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration office will use the guideline value to calculate applicable duties and fees.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of United India Colony 1st Cross Street?

The current guideline value of United India Colony 1st Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,695 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 419% over this period.

What is the land classification for United India Colony 1st Cross Street?

United India Colony 1st Cross Street falls under the Commercial Class I Type - I land classification.

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

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles registrations for United India Colony 1st Cross Street?

The Kodambakkam Sub Registrar Office handles registrations for United India Colony 1st Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.