Guideline Value for Union Carbide Colony 5th Cross Street Extension

Union Carbide Colony 5th Cross Street Extension guideline value

The current guideline value of Union Carbide Colony 5th Cross Street Extension is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Union Carbide Colony 5th Cross Street Extension has changed

The guideline value for Union Carbide Colony 5th Cross Street Extension has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 2,700 per sq.ft, reflecting a rise of 61%. Overall, from 2012 to 2024, there has been a slight increase of 8%.

It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street. This means that the only available revisions are from 2012, 2017, and the current 2024 figure.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, which is equal to the current guideline value of Union Carbide Colony 5th Cross Street Extension.

• Union Carbide Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 5th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 6th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 3rd Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 7th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Colony 5th Cross Street Extension

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 cost for these fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Union Carbide Colony 5th Cross Street Extension?

The Sub Registrar Office that covers Union Carbide Colony 5th Cross Street Extension 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 when buying or selling property in Kodungaiyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

When you approach the registration office, the guideline value will be referenced to ensure that the transaction is in compliance with local regulations. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Union Carbide Colony 5th Cross Street Extension?

The current guideline value of Union Carbide Colony 5th Cross Street Extension 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, and then increased to Rs 2,700 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Union Carbide Colony 5th Cross Street Extension is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Union Carbide Colony 5th Cross Street Extension is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 2,43,000.