Guideline Value for STERLING BUILDERS UDS

Sterling Builders Uds guideline value

The current guideline value for Sterling Builders Uds in Chettipunniyam village is Rs 1,200 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Sterling Builders Uds has changed

The guideline value for Sterling Builders Uds has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,200 per sq.ft. The 2017 revision marked a significant increase to Rs 804 per sq.ft, reflecting a 49% rise from the previous figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change is 0%, with the current rate remaining the same as the previous two revisions. The guideline value has maintained consistency since 2023, with no change in the rate for 2024.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median value is Rs 900 per sq.ft, and the guideline value for Sterling Builders Uds is above this median.

• Sri Yoga Hayagrivar Vijayam Sowbhagya Housing: Rs 900 per sq.ft (2024)
• Sri Venkateswara Mount View Nagar: Rs 900 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 900 per sq.ft (2024)
• Sri Padmavathi Nagar 3: Rs 700 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 5: Rs 900 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 3: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sterling Builders Uds

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sterling Builders Uds?

The Sterling Builders Uds is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Chettipunniyam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both parties are adhering to the established legal framework during the transaction.

Frequently asked questions

What is the current guideline value for Sterling Builders Uds?

The current guideline value for Sterling Builders Uds is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 804 per sq.ft in 2017 to the 2023 revision, which also maintained the value at Rs 1,200 per sq.ft.

What are the other streets in Chettipunniyam and their guideline values?

Other streets in Chettipunniyam have varying guideline values, with rates ranging from Rs 700 to Rs 4,750 per sq.ft. The median value is Rs 900 per sq.ft, and several streets are listed with a guideline value of Rs 900 per sq.ft.

What is the stamp duty rate for properties in Sterling Builders Uds?

The stamp duty rate for properties in Sterling Builders Uds is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO through the provided link.