Guideline Value for Union Carbide Colony 20th Street

Union Carbide Colony 20th Street guideline value

The current guideline value for Union Carbide Colony 20th 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 20th Street has changed

The guideline value for Union Carbide Colony 20th Street has undergone several revisions since 2017. The 2017 revision set the value at Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current figure for Union Carbide Colony 20th Street.

• Union Carbide Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 21st Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 22nd Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 19th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 18th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Colony 20th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Union Carbide Colony 20th Street?

The Sub Registrar Office that covers Union Carbide Colony 20th 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 is a crucial factor when registering property in Kodungaiyur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure proper compliance with registration requirements.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Union Carbide Colony 20th Street?

The current guideline value for Union Carbide Colony 20th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 61%.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is typically 7% of the guideline value or sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value determined for properties in Kodungaiyur?

The guideline value for properties in Kodungaiyur is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in the real estate market.