Guideline Value for United Colony 4th Street

United Colony 4th Street guideline value

The current guideline value of United Colony 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of United Colony 4th Street has changed

The guideline value for United Colony 4th Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,000 per sq.ft. This increased dramatically to Rs 3,000 per sq.ft in 2012, representing a 200% rise. The next revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of United Colony 4th Street.

• United Colony 1st Street: Rs 3,300 per sq.ft (2024)
• United Colony 2nd Street: Rs 3,300 per sq.ft (2024)
• United Colony 3rd Street: Rs 3,300 per sq.ft (2024)
• United Colony 5th Street: Rs 3,300 per sq.ft (2024)
• Unnamalai Street: Rs 2,700 per sq.ft (2024)
• Umamageshwari Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in United Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers United Colony 4th Street?

The Sub Registrar Office that covers United Colony 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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

When buying or selling property in Kolathur, the guideline value is used as a basis for calculating the stamp duty and registration fees. It ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the government.

This guideline value is important for both buyers and sellers, as it affects the overall cost of the transaction. It is advisable to check the latest guideline values before proceeding with any property transactions.

Frequently asked questions

What is the current guideline value of United Colony 4th Street?

The current guideline value of United Colony 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,000 per sq.ft in 2012, and then to Rs 3,300 per sq.ft in 2024. There are no figures available for the years 2023, 2017, 2003, and 2002.

What is the classification of United Colony 4th Street?

United Colony 4th Street is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What is the registration fee for property in United Colony 4th Street?

The registration fee is calculated based on the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000, which is 2% of the guideline value.

Where can I find the Sub Registrar Office for United Colony 4th Street?

The Sub Registrar Office for United Colony 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.