Guideline Value for Unnamalai Street

Unnamalai Street guideline value

The current guideline value of Unnamalai Street is Rs 2,700 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 II Type - I.

How the guideline value of Unnamalai Street has changed

The guideline value for Unnamalai Street has seen several revisions since 2002. In 2002, the guideline value was Rs 290 per sq.ft, which increased to Rs 315 per sq.ft in 2003, marking a 9% rise. Following this, the value surged to Rs 900 per sq.ft in 2007, an increase of 186%. By 2012, the value reached Rs 2,500 per sq.ft, reflecting a significant jump of 178%. However, from 2012 to 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of 61% from 2017.

It is important to note that the register has no figure for this street in the 2023 revision.

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, with a median value of Rs 3,300 per sq.ft. The guideline value of Unnamalai Street is below this median.

• United Colony 5th Street: Rs 3,300 per sq.ft (2024)
• United Colony 4th Street: Rs 3,300 per sq.ft (2024)
• United Colony 3rd Street: Rs 3,300 per sq.ft (2024)
• United Colony 2nd Street: Rs 3,300 per sq.ft (2024)
• United Colony 1st Street: Rs 3,300 per sq.ft (2024)
• Umamageshwari Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamalai Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Unnamalai Street?

The Sub Registrar Office that covers Unnamalai Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kolathur. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the financial obligations, ensuring that both the buyer and seller are aware of the costs involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Unnamalai Street?

The current guideline value of Unnamalai 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 290 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 831% over the years.

What is the median guideline value for streets in Kolathur?

The median guideline value for streets in Kolathur is Rs 3,300 per sq.ft, while Unnamalai Street's guideline value is below this median.

What are the stamp duty and registration fees for a property in Unnamalai Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Unnamalai Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles property registrations for Unnamalai Street.