Guideline Value for UNITY COLONY (KR)

Unity Colony (Kr) guideline value

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

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 value was set at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, the register has no figures for this street in 2002, 2003, and 2007.

Between the revisions, the change from 2017 to 2023 represented a 49% increase, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which indicates that Unity Colony (Kr) is below that median.

• Union Salai, Peramnur (Ward -15): Rs 440 per sq.ft (2024)
• Umarupulavar Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 550 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 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 amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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 Sattamangalam

The guideline value is a crucial factor during the registration of property transactions in Sattamangalam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory when buying or selling property. Buyers should be aware that these fees will be applied to the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately estimating the costs involved in property transactions. It is advisable to check the latest guideline values before proceeding with any property deal.

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 to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

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

Unity Colony (Kr) falls under the Residential Class I Type - II land classification.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers Unity Colony (Kr)?

The Chengleput Joint II Sub Registrar Office covers Unity Colony (Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.