Guideline Value for U V Samynathan 3rd Street

U V Samynathan 3rd Street guideline value

The current guideline value of U V Samynathan 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of U V Samynathan 3rd Street has changed

The guideline value for U V Samynathan 3rd Street has seen several revisions over the years. In 2002, the guideline value was Rs 318 per sq.ft, which increased to Rs 356 per sq.ft in 2003. By 2007, it rose significantly to Rs 1,200 per sq.ft, and then to Rs 2,500 per sq.ft in 2012. However, in 2017, the value decreased to Rs 1,675 per sq.ft before climbing to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,800 per sq.ft.

Examining the changes, from 2002 to 2024, there has been an overall increase of 781%. The transition from 2017 to 2023 saw a notable increase of 49%, while the jump from 2023 to 2024 was 12%. The fluctuations between other revisions include a decrease of 33% from 2012 to 2017 and a substantial increase of 108% from 2007 to 2012. The increase from 2003 to 2007 was 237%, and from 2002 to 2003 it was 12%.

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 aligns with the current value for U V Samynathan 3rd Street.

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

Stamp duty and registration fee for property in U V Samynathan 3rd 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, bringing the total fees to 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 details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers U V Samynathan 3rd Street?

The U V Samynathan 3rd Street falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold or bought, the guideline value is used to calculate the applicable fees, ensuring that the transaction is registered at a value that reflects the official rates set by the government.

Frequently asked questions

What is the current guideline value of U V Samynathan 3rd Street?

The current guideline value of U V Samynathan 3rd 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, showing an overall increase of 781% over the years.

What are the stamp duty and registration fees for property in U V Samynathan 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,00,000, with stamp duty at Rs 1,96,000 and registration fees at Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for U V Samynathan 3rd Street?

The Alandur Sub Registrar Office handles the registration for U V Samynathan 3rd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of U V Samynathan 3rd Street?

U V Samynathan 3rd Street is classified as Residential Class II Type - I, which is relevant for property transactions in the area.