Guideline Value for UNITY COLONY (KR)

Unity Colony (Kr) guideline value

The current guideline value of Unity Colony (Kr) is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village, under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Unity Colony (Kr) has changed

The guideline value of Unity Colony (Kr) has seen several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft. This was a decrease of 33%. The value then increased significantly to Rs 900 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, indicating that the guideline value for Unity Colony (Kr) is below this median.

• Union Salai, Peramnur (Ward -15): Rs 661 per sq.ft (2024)
• Umarupulavar Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 660 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 661 per sq.ft (2024)
• Vaamana Munivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vaanavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Unity Colony (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total fees together Rs 89,100. 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 Unity Colony (Kr)?

The Sub Registrar Office that covers Unity Colony (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is set by the government and reflects the minimum value at which property transactions are registered.

When a property is sold, the guideline value ensures that the sale price is not undervalued for the purpose of taxation. This helps maintain transparency in property transactions and ensures that all parties are aware of the official value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Unity Colony (Kr)?

The current guideline value of Unity Colony (Kr) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Unity Colony (Kr)?

Unity Colony (Kr) is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for Unity Colony (Kr)?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 89,100.

Where is the Sub Registrar Office for Unity Colony (Kr)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.