Guideline Value for Ulaippalar Kalyanasundaram Street

Ulaippalar Kalyanasundaram Street guideline value

The current guideline value of Ulaippalar Kalyanasundaram Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village, under the Konnur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ulaippalar Kalyanasundaram Street has changed

The guideline value for Ulaippalar Kalyanasundaram Street has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was set at Rs 1,340 per sq.ft. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 established the current value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Ulaippalar Kalyanasundaram Street. Overall, from 2017 to 2024, the guideline value has increased by 64%, showcasing the changes in property valuation in this area.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the current guideline value for Ulaippalar Kalyanasundaram Street. This indicates that the street's value aligns with the median for the village.

• Udaiyarpalaiam: Rs 2,200 per sq.ft (2024)
• T.T. Mathew Street: Rs 3,600 per sq.ft (2024)
• T.T.Mathew Avenue: Rs 3,601 per sq.ft (2024)
• T.T. Mathew 1st Cross Street: Rs 3,600 per sq.ft (2024)
• Vaigai Street(ICF): Rs 2,400 per sq.ft (2024)
• Vanagaram Road: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in Ulaippalar Kalyanasundaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. This brings the total cost for stamp duty and registration fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ulaippalar Kalyanasundaram Street?

The Ulaippalar Kalyanasundaram Street falls under the jurisdiction of the Konnur Sub Registrar Office. The address for this office is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone.

To find your specific Sub Registrar Office, you can visit find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

When buying or selling property in 5. Athipattu, the guideline value plays a crucial role in the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the land registry.

Additionally, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ulaippalar Kalyanasundaram Street?

The current guideline value of Ulaippalar Kalyanasundaram Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over the years.

What are the stamp duty and registration fees for properties?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Konnur Sub Registrar Office covers Ulaippalar Kalyanasundaram Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Ulaippalar Kalyanasundaram Street?

The land classification for Ulaippalar Kalyanasundaram Street is Residential Class I Type - II, indicating its designation for residential use.