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_C 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, showing no change from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well, indicating stability at the current rate since 2023.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Sri Usha Nagar is above this median.

• Sri sastha nagar: Rs 1,045 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 300 per sq.ft (2024)
• Sri Andal 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 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 to Rs 63,000. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Usha Nagar?

The Sub Registrar Office that covers Sri Usha Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is an essential factor during the registration of property transactions in Santhavellur_C. It helps determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is crucial to be aware of the current guideline value as it directly affects the costs associated with the transaction. Ensuring that you have the correct guideline value can help avoid any discrepancies during the registration process.

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 was Rs 469 per sq.ft in 2017, increased to Rs 700 per sq.ft in both 2023 and 2024, showing a 49% increase from 2017 to 2023 and 2024.

What is the land classification of Sri Usha Nagar?

Sri Usha Nagar is classified as Residential Special Type - II.

Which office handles registrations for properties in Sri Usha Nagar?

The Sunguvarchattram Sub Registrar Office handles registrations for properties in Sri Usha Nagar.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft incurs a total of Rs 63,000 in fees.