Guideline Value for Ulaganathanpuram

Ulaganathanpuram guideline value

The current guideline value of Ulaganathanpuram is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kathivakkam village under the Thiruvottiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Ulaganathanpuram has changed

In the 2007 revision, the guideline value was Rs 300 per sq.ft. This increased to Rs 600 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value saw a decrease to Rs 402 per sq.ft, representing a drop of 33%. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, showing a significant increase of 149% from 2017. The current 2024 revision maintains this value at Rs 1,000 per sq.ft, resulting in no change from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 233%.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median of Rs 1,001 per sq.ft. Ulaganathanpuram's 2024 figure is below this median.

• Thiruvalluvar Nagar / Street/Cross Streets: Rs 1,100 per sq.ft (2024)
• Thilagar Nagar /Streets: Rs 1,001 per sq.ft (2024)
• Village Street: Rs 1,001 per sq.ft (2024)
• Thalanguppam Road/Street: Rs 1,001 per sq.ft (2024)
• Thadavakara kuppam: Rs 1,000 per sq.ft (2024)
• Vinayagar Koil Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Ulaganathanpuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ulaganathanpuram?

The Ulaganathanpuram area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for additional details.

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

The guideline value is a critical factor during the registration of property transactions in Kathivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price according to government standards.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these costs can significantly impact the overall expense of property acquisition.

Frequently asked questions

What is the current guideline value of Ulaganathanpuram?

The current guideline value of Ulaganathanpuram is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2023 and 2024. The most notable change was a 149% increase from 2017 to 2023.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Ulaganathanpuram?

The Thiruvottiyur Sub Registrar Office handles registrations for Ulaganathanpuram, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the significance of the guideline value in property transactions?

The guideline value serves as the minimum price for property registration, impacting the calculation of stamp duty and registration fees. It ensures that properties are registered at a value that reflects government standards.