Guideline Value for Union Carbide Colony 3rd Street

Union Carbide Colony 3rd Street guideline value

The current guideline value of Union Carbide Colony 3rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Union Carbide Colony 3rd Street has changed

The guideline value for Union Carbide Colony 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 230 per sq.ft. This increased to Rs 258 per sq.ft in 2003, marking a rise of 12%. The value then surged significantly to Rs 1,400 per sq.ft in 2007, an increase of 443%. In 2012, the value was Rs 3,500 per sq.ft, reflecting a substantial jump of 150% from the previous revision. However, it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The value increased again to Rs 3,500 per sq.ft in 2023, and most recently, it reached Rs 3,900 per sq.ft in 2024, showing an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1596%. There are no figures recorded for the years not mentioned in the revisions for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. Union Carbide Colony 3rd Street's 2024 figure of Rs 3,900 per sq.ft is above this median.

• Union Carbide Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony 4th Street: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony Extension: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony Main: Rs 3,900 per sq.ft (2024)
• Union Carbidi colony Main Road: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Colony 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000, bringing the total cost for these fees to Rs 3,51,000. It is important to 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 information.

Which Sub Registrar Office covers Union Carbide Colony 3rd Street?

The Sub Registrar Office that covers Union Carbide Colony 3rd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Ullagaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for assessing the value of properties in the area.

Frequently asked questions

What is the current guideline value of Union Carbide Colony 3rd Street?

The current guideline value of Union Carbide Colony 3rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 230 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1596% over the years.

What is the land classification for Union Carbide Colony 3rd Street?

Union Carbide Colony 3rd Street falls under the Residential Class I Type - III land classification.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles property registrations in Ullagaram?

The Alandur Sub Registrar Office handles property registrations in Ullagaram, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.