Guideline Value for Union Carbide Colony 11th Street

Union Carbide Colony 11th Street guideline value

The current guideline value for Union Carbide Colony 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Union Carbide Colony 11th Street has changed

Since the 2012 revision, the guideline value has seen several changes. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, there was a significant increase to Rs 2,500 per sq.ft in 2023, and then it rose again to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been an 8% increase in the guideline value, indicating fluctuations in the value over the years.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Union Carbide Colony 11th Street.

• Union Carbide Colony 10th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 12th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 13th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 14th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 15th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 16th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Colony 11th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Union Carbide Colony 11th Street?

The Sub Registrar Office that covers Union Carbide Colony 11th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions within Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is considered during the registration process. Buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Union Carbide Colony 11th Street?

The current guideline value for Union Carbide Colony 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Union Carbide Colony 11th Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for Union Carbide Colony 11th Street?

The Madhavaram Sub Registrar Office handles the registration for Union Carbide Colony 11th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Union Carbide Colony 11th Street?

Union Carbide Colony 11th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.