Guideline Value for Ullagaram puzhudivakkam Joining Road

Ullagaram puzhudivakkam Joining Road guideline value

The current guideline value of Ullagaram puzhudivakkam Joining Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ullagaram puzhudivakkam Joining Road has changed

The guideline value for Ullagaram puzhudivakkam Joining Road has seen several revisions over the years. Starting from Rs 250 per sq.ft in 2002, it increased to Rs 280 per sq.ft in 2003. The value then rose significantly to Rs 1,200 per sq.ft in 2007, followed by a decrease to Rs 3,500 per sq.ft in 2012. In 2017, it was revised to Rs 2,345 per sq.ft, and then increased to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase is 1460%. Specifically, the change from 2023 to 2024 is an increase of 11%. The value experienced a notable increase of 329% from 2003 to 2007, while there was a decrease of 33% from 2012 to 2017. The increase from 2017 to 2023 was 49%, and the change from 2007 to 2012 was an increase of 192%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, placing Ullagaram puzhudivakkam Joining Road's 2024 figure above this median.

• Union carbide Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony 4th Street: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony Extension: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony Main: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ullagaram puzhudivakkam Joining Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ullagaram puzhudivakkam Joining Road?

The Sub Registrar Office that covers Ullagaram puzhudivakkam Joining Road 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly influences the financial obligations associated with the transaction. Buyers should ensure that they are informed of the latest values to accurately assess their costs during the registration process.

Frequently asked questions

What is the current guideline value of Ullagaram puzhudivakkam Joining Road?

The current guideline value of Ullagaram puzhudivakkam Joining Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 1460% over this period.

What is the land classification for Ullagaram puzhudivakkam Joining Road?

Ullagaram puzhudivakkam Joining Road is classified as Residential Class I Type - III.

What are the stamp duty rates for properties in Ullagaram?

The stamp duty rate for properties in Ullagaram is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ullagaram puzhudivakkam Joining Road?

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