Guideline Value for Union Carbide Colony Extension

Union Carbide Colony Extension guideline value

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

How the guideline value of Union Carbide Colony Extension has changed

The guideline value for Union Carbide Colony Extension has seen several revisions over the years. In 2002, the value was Rs 259 per sq.ft, which increased to Rs 290 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,400 per sq.ft in 2007, and then it further increased to Rs 3,500 per sq.ft in 2012. However, in 2017, the value dropped to Rs 2,345 per sq.ft. The most recent revisions show a substantial increase, with the 2023 revision at Rs 3,500 per sq.ft and the current 2024 revision at Rs 3,900 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 11%. The overall change from 2002 to 2024 is a remarkable increase of 1,406%.

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. The guideline value for Union Carbide Colony Extension is above this median.

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

Stamp duty and registration fee for property in Union Carbide Colony Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Union Carbide Colony Extension?

The Sub Registrar Office that covers Union Carbide Colony Extension is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when buying or selling property in Ullagaram. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value for Union Carbide Colony Extension?

The current guideline value for Union Carbide Colony Extension 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 259 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 1,406%.

What is the land classification for Union Carbide Colony Extension?

Union Carbide Colony Extension is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for a property 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.

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

The Sub Registrar Office for Union Carbide Colony Extension is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.