Guideline Value for Union Carbidi colony Main Road

Union Carbidi colony Main Road guideline value

The current guideline value of Union Carbidi colony Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Union Carbidi colony Main Road has changed

The guideline value for Union Carbidi colony Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 259 per sq.ft. This increased to Rs 290 per sq.ft in 2003, marking a 12% rise. The value then surged significantly to Rs 1,400 per sq.ft in 2007, reflecting a 383% increase. In 2012, it remained at Rs 3,500 per sq.ft, and in 2017, it dropped to Rs 2,345 per sq.ft, a decrease of 33%. The 2023 revision saw a notable increase to Rs 3,500 per sq.ft, followed by the current 2024 revision which set the value at Rs 3,900 per sq.ft, an increase of 11%.

Overall, from 2002 to 2024, the guideline value has increased by 1,406%. The revisions for the years 2012 and 2017 indicate that the register has no figure for this street in those years. The significant changes highlight the fluctuations in the guideline value over the years.

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 Carbidi colony Main Road is above this median, indicating its relative standing within the area.

• Union Carbide Colony Main: Rs 3,900 per sq.ft (2024)
• Union Carbide Colony Extension: 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 Carbidi colony Main Road

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, bringing the total to 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Union Carbidi colony Main Road?

The Sub Registrar Office that covers Union Carbidi colony Main Road 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 information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ullagaram, the guideline value influences the stamp duty and registration fees, which are calculated based on this value.

It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Union Carbidi colony Main Road?

The current guideline value of Union Carbidi colony Main Road 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, reflecting an overall increase of 1,406% over the years.

What is the land classification for Union Carbidi colony Main Road?

Union Carbidi colony Main Road is classified as Residential Class I Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for property transactions?

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 is the Sub Registrar Office located for this area?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, covering Union Carbidi colony Main Road.