Guideline Value for Union Carbide Colony 19th Street

Union Carbide Colony 19th Street guideline value

The current guideline value of Union Carbide Colony 19th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Union Carbide Colony 19th Street has changed

The guideline value for Union Carbide Colony 19th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with the 2024 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 current guideline value of Union Carbide Colony 19th Street.

• Union Carbide Colony 18th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 17th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 16th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 20th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 15th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Colony 19th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total 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 fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Union Carbide Colony 19th Street?

The Sub Registrar Office that covers Union Carbide Colony 19th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Kodungaiyur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the land records.

It is essential for both buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. This value is regularly updated, and it is advisable to check the latest figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Union Carbide Colony 19th Street?

The current guideline value of Union Carbide Colony 19th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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 back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Union Carbide Colony 19th Street?

Union Carbide Colony 19th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is charged at a rate of 7% on the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.