Guideline Value for Periya Narasambetai Street

Periya Narasambetai Street guideline value

The current guideline value of Periya Narasambetai Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Periya Narasambetai Street has changed

The guideline value for Periya Narasambetai Street has seen significant changes over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking an increase of 308%. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a decline of 33%. The value then rose sharply to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, showing a remarkable increase of 273% from 2017 to 2023. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 920%. The consistency in the last two revisions indicates stability at the current rate of Rs 1,500 per sq.ft.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry 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. Periya Narasambetai Street's 2024 figure is above this median, reflecting its commercial classification.

• Pazhaiya Hospital Street: Rs 1,000 per sq.ft (2024)
• Pavodum Thoppu Theru: Rs 1,000 per sq.ft (2024)
• Pattangulam: Rs 401 per sq.ft (2024)
• pattancheri West Street: Rs 700 per sq.ft (2024)
• Pattancheri Road: Rs 700 per sq.ft (2024)
• Pattancheri Endathoor Road: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Narasambetai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Narasambetai Street?

The Sub Registrar Office that covers Periya Narasambetai Street is 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 in the registration process for property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price as per government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Periya Narasambetai Street?

The current guideline value of Periya Narasambetai Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 147 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 920% since 2007.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 15,00,000, the stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000.

Which office handles property registrations for Periya Narasambetai Street?

The Uthiramerur Sub Registrar Office handles property registrations for Periya Narasambetai Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.

What is the land classification of Periya Narasambetai Street?

Periya Narasambetai Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.