Guideline Value for Udhaya Koil Street

Udhaya Koil Street guideline value

The current guideline value of Udhaya Koil Street is Rs 1,100 per sq.ft. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Udhaya Koil Street has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. As of the 2024 revision, the guideline value stands at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Udhaya Koil Street's 2024 figure below that median.

• T.T.K.Nagar: Rs 1,100 per sq.ft (2024)
• Vachinathan Nagar: Rs 1,320 per sq.ft (2024)
• Thuya Pethuru Street: Rs 1,100 per sq.ft (2024)
• Thomas Street: Rs 1,100 per sq.ft (2024)
• Vajiravelu Street: Rs 1,100 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Udhaya Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udhaya Koil Street?

The Sub Registrar Office that covers Udhaya Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property registration as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both parties are aware of the financial obligations involved. It is essential for buyers to verify the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Udhaya Koil Street?

The current guideline value of Udhaya Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Udhaya Koil Street?

Udhaya Koil Street is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for Udhaya Koil Street?

The registration office for Udhaya Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Udhaya Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.