Guideline Value for SRI USHA NAGAR

Sri Usha Nagar guideline value

The current guideline value of Sri Usha Nagar, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sri Usha Nagar has changed

The guideline value for Sri Usha Nagar has remained consistent at Rs 700 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a 49% increase from 2017 to 2023.

Since the 2017 revision, there has been a 49% overall increase in the guideline value up to 2024. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Sri Usha Nagar's 2024 figure above this median.

• Sri vishnu gardens: Rs 600 per sq.ft (2024)
• Sri sastha nagar: Rs 1,046 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 per sq.ft (2024)
• Srinivasa Nagar: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Usha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Usha Nagar?

Sri Usha Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Santhavellur. It serves as the benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

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

Frequently asked questions

What is the current guideline value of Sri Usha Nagar?

The current guideline value of Sri Usha Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Usha Nagar has been Rs 700 per sq.ft since the 2023 revision. It was Rs 469 per sq.ft in the 2017 revision, reflecting a 49% increase over that period.

What is the land classification for Sri Usha Nagar?

Sri Usha Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sri Usha Nagar?

The Sunguvarchattram Sub Registrar Office covers Sri Usha Nagar and is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 7,00,000, the total fees would amount to Rs 63,000.