Guideline Value for U V Samynathan 2nd Street

U V Samynathan 2nd Street guideline value

The current guideline value of U V Samynathan 2nd Street 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 Samynathan 2nd Street has changed

The guideline value for U V Samynathan 2nd Street has seen several revisions over the years. In 2002, the value was Rs 318 per sq.ft, which increased to Rs 356 per sq.ft in 2003. Following that, the value rose significantly to Rs 1,200 per sq.ft in 2007, marking an increase of 237%. The value then adjusted to Rs 2,500 per sq.ft in 2012, a decrease of 33%. In 2017, the value increased to Rs 1,675 per sq.ft, and by 2023, it reached Rs 2,500 per sq.ft. The latest revision in 2024 set the value at Rs 2,800 per sq.ft, 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 any other revisions for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,800 per sq.ft, which is equal to the current guideline value of U V Samynathan 2nd Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, resulting in a total of Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers U V Samynathan 2nd Street?

The U V Samynathan 2nd Street is covered by 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the correct stamp duty and registration fees are applied.

When buying or selling property, the guideline value helps both parties understand the worth of the property in the eyes of the Registration Department. It is essential to be aware of these values to facilitate a smooth transaction and comply with legal requirements.

Frequently asked questions

What is the current guideline value of U V Samynathan 2nd Street?

The current guideline value of U V Samynathan 2nd Street 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 changed from Rs 318 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 781% over this period.

What is the land classification for U V Samynathan 2nd Street?

U V Samynathan 2nd Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in U V Samynathan 2nd Street?

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.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.