Guideline Value for Sinna NarasamPettai Street

Sinna NarasamPettai Street guideline value

The current guideline value of Sinna NarasamPettai Street is Rs 1,350 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class V Type - III.

How the guideline value of Sinna NarasamPettai Street has changed

The guideline value for Sinna NarasamPettai Street has seen significant changes over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which increased dramatically to Rs 900 per sq.ft in the 2012 revision, marking a 512% increase. The value remained at Rs 900 per sq.ft until the 2023 revision, where it was revised to Rs 1,350 per sq.ft, representing a 50% increase. The current revision in 2024 maintains this value at Rs 1,350 per sq.ft, showing no change from the 2023 figure.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 818%.

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. The median guideline value in this village is Rs 800 per sq.ft, positioning Sinna NarasamPettai Street's 2024 figure above the median.

• S.L.Green City: Rs 300 per sq.ft (2024)
• Somanadhaburam Bjanai KoilStreet: Rs 250 per sq.ft (2024)
• Somanadhapuram Muthurampillai Street: Rs 250 per sq.ft (2024)
• Somanadhapuram Pandara Street: Rs 250 per sq.ft (2024)
• Somanadhapuram Yadhaval Street: Rs 250 per sq.ft (2024)
• South Reddy Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sinna NarasamPettai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value amounts to Rs 13,50,000. The stamp duty, charged at 7%, would be Rs 94,500, while the registration fee at 2% would be Rs 27,000, bringing the total fees to Rs 1,21,500. It is important to note that the 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 more details.

Which Sub Registrar Office covers Sinna NarasamPettai Street?

The Sub Registrar Office that covers Sinna NarasamPettai 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 information.

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

The guideline value is a crucial factor in property transactions in Uthiramerur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sinna NarasamPettai Street?

The current guideline value of Sinna NarasamPettai Street is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 147 per sq.ft in 2007 to Rs 1,350 per sq.ft in 2024, marking an overall increase of 818%.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Sinna NarasamPettai Street's 2024 figure being above this median.

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

For a property valued at Rs 13,50,000, the stamp duty would be Rs 94,500 and the registration fee would be Rs 27,000, totaling Rs 1,21,500.

Where is the Sub Registrar Office located for this street?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.