Guideline Value for SRI USHA NAGAR

Sri Usha Nagar guideline value

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

How the guideline value of Sri Usha Nagar has changed

In the 2017 revision, the guideline value for Sri Usha Nagar was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 700 per sq.ft. The most recent 2024 revision also maintains the guideline value at Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Sri Usha Nagar's 2024 value above this median.

• Sri Sathya Sai Nagar(Akshara City): Rs 501 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 501 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 300 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 rate of Rs 700 per sq.ft, the 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, making the total Rs 63,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Sri Usha Nagar?

Sri Usha Nagar falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_B. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately within the legal framework.

When you proceed with a property transaction, the guideline value will be assessed to determine the applicable fees. This value helps maintain transparency and consistency in property dealings within the region.

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 remained at Rs 700 per sq.ft since 2017, with a significant increase of 49% from Rs 469 per sq.ft in 2017 to the current value.

What are the guideline values for other streets in Santhavellur_B?

Other streets in Santhavellur_B have varying guideline values, ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Usha Nagar?

For a property valued at Rs 7,00,000 in Sri Usha Nagar, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Sri Usha Nagar located?

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