Guideline Value for Union Carbide Colony 5th Street

Union Carbide Colony 5th Street guideline value

The current guideline value of Union Carbide Colony 5th 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 5th Street has changed

Over the years, the guideline value for Union Carbide Colony 5th Street has undergone several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. However, the 2024 revision has seen a significant increase, bringing the guideline value back up to Rs 2,700 per sq.ft.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2024, the guideline value increased by 61%. Overall, from 2012 to 2024, the value has seen a slight increase of 8%. The register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 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 for these streets is Rs 2,700 per sq.ft, which is the same as the current guideline value for Union Carbide Colony 5th Street.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to 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 5th Street?

The Sub Registrar Office that covers Union Carbide Colony 5th 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 in the registration process of property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is documented at a fair value, reflecting the official rates set by the government. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

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

The current guideline value of Union Carbide Colony 5th Street 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. The overall change from 2012 to 2024 is an increase of 8%.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur have a guideline value of Rs 2,700 per sq.ft as well, which is consistent with the current value for Union Carbide Colony 5th Street.

What are the fees associated with buying property in Union Carbide Colony 5th Street?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,43,000.

Where can I find the Sub Registrar Office for Union Carbide Colony 5th Street?

The Madhavaram Sub Registrar Office covers Union Carbide Colony 5th Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.