Guideline Value

Corporate

Guideline Value for UNITED INDIA COLONY 1ST MAIN ROAD

₹8200/sq.ft.

The guideline value for United India Colony 1st Main Road in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 8200 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹8200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3100 /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 Main Road

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United India Colony 1st Main Road guideline value

The current guideline value of United India Colony 1st Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024. This road is located in Puliyur village under the Kodambakkam SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of United India Colony 1st Main Road has changed

The guideline value of United India Colony 1st Main Road has undergone several revisions since 2002. The earliest recorded figure was Rs 1,695 per sq.ft in 2002, which increased to Rs 1,861 per sq.ft in 2003, marking a rise of 10%. By 2007, the value had jumped to Rs 3,100 per sq.ft, reflecting a significant increase of 67%. The 2012 revision saw a further increase to Rs 7,500 per sq.ft, a rise of 142%. However, in 2017, the value decreased to Rs 5,025 per sq.ft, showing a drop of 33%. The latest revision in 2024 has set the guideline value at Rs 8,200 per sq.ft, which is an increase of 63% from 2017.

It is important to note that there is no figure available for the 2023 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 384%.

Guideline values in Puliyur

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

Stamp duty and registration fee for property in United India Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, leading to a total of Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers United India Colony 1st Main Road?

The Sub Registrar Office that covers United India Colony 1st Main Road 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 during the registration of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers should be aware that the guideline value is often considered a reference point for the transaction.

When a property is sold, the registration office will assess the higher of the guideline value or the sale price to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of United India Colony 1st Main Road?

The current guideline value of United India Colony 1st Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,695 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 384% over the years.

What is the land classification for United India Colony 1st Main Road?

The land classification for United India Colony 1st Main Road is Residential Special Type - I.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in United India Colony 1st Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 at 7%.