Guideline Value for Ullagaram Street

Ullagaram Street guideline value

The current guideline value of Ullagaram Street in Thalakanancherry village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Alandur Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Ullagaram Street has changed

Over the years, the guideline value of Ullagaram Street has seen significant changes. The 2007 revision recorded a value of Rs 1,700 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 135%. However, this value dropped to Rs 2,680 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The value then surged to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

The overall change from the 2007 revision to the current value in 2024 is an increase of 159%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value range from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Ullagaram Street's current value above this median.

• Union carbide Colony: Rs 4,400 per sq.ft (2024)
• T.T.C. Garden: Rs 4,400 per sq.ft (2024)
• Vallalar Street: Rs 2,800 per sq.ft (2024)
• T.N.G.O. Colony Main Road: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony Main: Rs 4,400 per sq.ft (2024)
• T.N.G.O. Colony 7th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ullagaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, calculated at 7%, would be Rs 3,08,000, while the registration fee at 2% totals Rs 88,000. Together, these fees amount to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ullagaram Street?

The Sub Registrar Office that covers Ullagaram Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is updated periodically to reflect changes in the real estate market.

When selling property, the guideline value serves as a benchmark to ensure that the sale price is aligned with the prevailing market conditions. Buyers and sellers must be aware of this value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Ullagaram Street?

The current guideline value of Ullagaram Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 159% over the years.

What are the other streets with the same guideline value in Thalakanancherry?

Other streets in Thalakanancherry with the same guideline value of Rs 4,400 per sq.ft include Union carbide Colony, T.T.C. Garden, T.N.G.O. Colony Main Road, T.N.G.O. Colony Main, and T.N.G.O. Colony 7th Street.

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

The stamp duty for a property valued at Rs 44,00,000 would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.