Guideline Value for U V Sami nathan Street Extension

U V Sami nathan Street Extension guideline value

The current guideline value of U V Sami nathan Street Extension is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of U V Sami nathan Street Extension has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the guideline value was Rs 318 per sq.ft, which increased to Rs 356 per sq.ft in 2003. Following this, the value rose dramatically to Rs 1,200 per sq.ft in 2007, marking an increase of 237%. The 2012 revision saw the value drop to Rs 2,500 per sq.ft, a decrease of 33%. However, it rebounded to Rs 1,675 per sq.ft in 2017, and then to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,800 per sq.ft in 2024, reflecting a 12% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 781%. There are no figures available for the revisions in years other than those specified.

Guideline values in Ullagaram

Ullagaram village has a total of 298 streets under the Alandur SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which is the same as the guideline value for U V Sami nathan Street Extension.

• U V Sami nathan 1st Street: Rs 2,800 per sq.ft (2024)
• U V Samynathan 2nd Street: Rs 2,800 per sq.ft (2024)
• U V Samynathan 3rd Street: Rs 2,800 per sq.ft (2024)
• U V Samynathan 4th Street: Rs 2,800 per sq.ft (2024)
• U V Samynathan Street: Rs 2,800 per sq.ft (2024)
• U V Samynathan Street Ext.: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in U V Sami nathan Street Extension

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, while the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers U V Sami nathan Street Extension?

The Sub Registrar Office that covers U V Sami nathan Street Extension is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of U V Sami nathan Street Extension?

The current guideline value of U V Sami nathan Street Extension is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 318 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, representing an overall increase of 781% across the years.

What is the land classification of U V Sami nathan Street Extension?

U V Sami nathan Street Extension is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations for U V Sami nathan Street Extension?

The Alandur Sub Registrar Office handles property registrations for U V Sami nathan Street Extension, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.