Guideline Value for kakanalloor Palla Street

kakanalloor Palla Street guideline value

The current guideline value of kakanalloor Palla Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of kakanalloor Palla Street has changed

The guideline value for kakanalloor Palla Street has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, by 2017, the value dropped to Rs 201 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 both maintain the value at Rs 300 per sq.ft, indicating no change between these two years.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value of kakanalloor Palla Street is below this median.

• Kakanalloor Road Street: Rs 300 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 1st Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 2nd Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil 3rd Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi vinayagar Koil Nadu Street: Rs 250 per sq.ft (2024)
• Kakanalloor Sakthi Vinayagar Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in kakanalloor Palla Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers kakanalloor Palla Street?

The kakanalloor Palla Street falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Uthiramerur. It is used to determine the stamp duty and registration fees applicable during the property registration process. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps in ensuring that all legal requirements are met during the transaction. It also aids in making informed decisions regarding property transactions within the Uthiramerur region.

Frequently asked questions

What is the current guideline value of kakanalloor Palla Street?

The current guideline value of kakanalloor Palla Street is Rs 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 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in both 2023 and 2024.

Are there any years without a guideline value for kakanalloor Palla Street?

Yes, the register has no figures for kakanalloor Palla Street for the years 2002 and 2003.

What is the registration office for kakanalloor Palla Street?

The Uthiramerur Sub Registrar Office covers kakanalloor Palla Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a plot valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.