Guideline Value for Union Carbide Colony 6th Street

Union Carbide Colony 6th Street guideline value

The current guideline value of Union Carbide Colony 6th 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 6th Street has changed

The guideline value for Union Carbide Colony 6th Street has undergone several revisions over the years. 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, marking a decline of 33%. However, the latest revision in 2024 has increased the guideline value to Rs 2,700 per sq.ft, reflecting a significant increase of 61% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 8%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

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 value for these streets is Rs 2,700 per sq.ft, which matches the current guideline value of Union Carbide Colony 6th Street.

• Union Carbide Colony 5th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 7th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 5th Cross Street Extension: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 8th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Union Carbide Colony 9th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Union Carbide Colony 6th Street

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 to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Union Carbide Colony 6th Street?

The Sub Registrar Office covering Union Carbide Colony 6th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable when registering a property sale.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Union Carbide Colony 6th Street?

The current guideline value of Union Carbide Colony 6th 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 to Rs 2,700 per sq.ft in 2024, reflecting a significant increase from the 2017 figure.

What is the land classification for Union Carbide Colony 6th Street?

Union Carbide Colony 6th Street is classified as Residential Class I Type - I under the Madhavaram SRO.

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 stamp duty calculated for properties in Union Carbide Colony 6th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.