Guideline Value for Union Carbide Colony 2nd Street

Union Carbide Colony 2nd Street guideline value

The current guideline value of Union Carbide Colony 2nd 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 2nd Street has changed

The guideline value register for Union Carbide Colony 2nd Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,700 per sq.ft.

Since there were no figures available for the previous revisions, there are no changes to report between the revisions for this street. The 2024 figure of Rs 2,700 per sq.ft is the first recorded value for Union Carbide Colony 2nd Street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft. The guideline value for Union Carbide Colony 2nd Street is equal to this median.

• Union Carbide Colony 22nd Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 3rd Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 21st Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 20th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Colony 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Union Carbide Colony 2nd Street?

The Sub Registrar Office that covers Union Carbide Colony 2nd 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 a crucial factor when registering property transactions in Kodungaiyur. It determines the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Buyers and sellers must be aware that the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the registration process is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Union Carbide Colony 2nd Street?

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

What land classification does Union Carbide Colony 2nd Street fall under?

Union Carbide Colony 2nd Street is classified as Residential Class I Type - I.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision for Union Carbide Colony 2nd Street occurring in 2024. Previous revisions for this street were in 2002, 2003, 2007, 2012, 2017, and 2023, but there are no figures available for those years.

What is the role of the Madhavaram SRO?

The Madhavaram SRO is responsible for maintaining the guideline value register and overseeing property registrations in the Kodungaiyur area, including Union Carbide Colony 2nd Street.

How is stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,89,000.