Guideline Value for Ullaramman Koil Street

Ullaramman Koil Street guideline value

The current guideline value of Ullaramman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ullaramman Koil Street has changed

Over the years, the guideline value of Ullaramman Koil Street has undergone several revisions. The earliest recorded figure is from 2007, which was Rs 700 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, marking a significant rise of 114%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then saw an increase to Rs 1,500 per sq.ft in 2023, representing a 49% rise. The current guideline value of Rs 1,600 per sq.ft in 2024 reflects a 7% increase from the previous year.

The revisions for the years 2002 and 2003 do not have figures recorded for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 129%.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1,384 streets under the Royapuram SRO that carry a 2024 guideline value. The values range from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Ullaramman Koil Street's 2024 guideline value is equal to this median.

• Ulagappa Mesthri Street: Rs 1,300 per sq.ft (2024)
• Udaiyar Egappan Street: Rs 1,300 per sq.ft (2024)
• Vadivelu Street (Manikandan 9th Street): Rs 2,200 per sq.ft (2024)
• Vaidyanathan Street West [2]: Rs 4,400 per sq.ft (2024)
• Trichy Chinnaswamy Street: Rs 1,300 per sq.ft (2024)
• T.P.Scheme Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ullaramman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ullaramman Koil Street?

The Sub Registrar Office that covers Ullaramman Koil Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Tondaiarpet. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must ensure they are aware of the current guideline value to avoid any discrepancies during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ullaramman Koil Street?

The current guideline value of Ullaramman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 129% over these years.

What is the registration office for Ullaramman Koil Street?

The registration office for Ullaramman Koil Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at 7%.

What other streets in Tondaiarpet have guideline values?

Other streets in Tondaiarpet include Ulagappa Mesthri Street, Udaiyar Egappan Street, Vadivelu Street (Manikandan 9th Street), Vaidyanathan Street West [2], Trichy Chinnaswamy Street, and T.P.Scheme Road, with values ranging from Rs 1,300 to Rs 4,400 per sq.ft in 2024.