Guideline Value for Unmai Nagar Exten.(Engineers Avenue)

Unmai Nagar Exten.(Engineers Avenue) guideline value

The current guideline value of Unmai Nagar Exten.(Engineers Avenue) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Unmai Nagar Exten.(Engineers Avenue) has changed

The guideline value for Unmai Nagar Exten.(Engineers Avenue) has seen several revisions over the years. In 2003, the guideline value was Rs 201 per sq.ft, which increased significantly to Rs 1,039 per sq.ft in 2007. Following this, the value jumped to Rs 3,000 per sq.ft in 2012, before dropping to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023 and is now Rs 3,300 per sq.ft in 2024. Notably, there is no figure available for this street for the year 2002.

Between the revisions, there have been noteworthy changes. From 2003 to 2007, the value increased by 417%. However, from 2012 to 2017, there was a decline of 33%. The most significant increase occurred from 2017 to 2023, with a rise of 49%, followed by a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1542%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value of Unmai Nagar Exten.(Engineers Avenue) is above this median.

• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)
• Thiru Nagar: Rs 4,400 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)
• Thandu Mariamman Kovil St: Rs 2,200 per sq.ft (2024)
• Thamizhkudimagan Nagar: Rs 4,400 per sq.ft (2024)
• Tamilkudimagan Nagar 1 To 5 Streets: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Unmai Nagar Exten.(Engineers Avenue)

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 to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Unmai Nagar Exten.(Engineers Avenue)?

The Sub Registrar Office that covers Unmai Nagar Exten.(Engineers Avenue) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a critical role in the registration process when buying or selling property in S. Kullathur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Unmai Nagar Exten.(Engineers Avenue)?

The current guideline value of Unmai Nagar Exten.(Engineers Avenue) 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 201 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1542% over the years.

What is the median guideline value in S. Kullathur?

The median guideline value in S. Kullathur is Rs 2,750 per sq.ft, with Unmai Nagar Exten.(Engineers Avenue) having a value above this median.

What are the stamp duty and registration fees for property in Unmai Nagar Exten.(Engineers Avenue)?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Unmai Nagar Exten.(Engineers Avenue)?

The Pallavaram Sub Registrar Office handles the registration for Unmai Nagar Exten.(Engineers Avenue), located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.