Guideline Value for U V Samynathan 4th Street

U V Samynathan 4th Street guideline value

The current guideline value of U V Samynathan 4th 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 4th Street has changed

The guideline value for U V Samynathan 4th Street has undergone 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. Following this, the value saw a significant rise to Rs 1,200 per sq.ft in 2007, and then it rose to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft as of the 2024 revision.

Between the revisions, there have been notable changes. From 2002 to 2003, the change was +12%. The increase from 2003 to 2007 was +237%, while from 2007 to 2012, it decreased by -33%. The value increased by +108% from 2012 to 2017, followed by a significant increase of +49% from 2017 to 2023. Finally, from 2023 to 2024, the increase was +12%. Overall, from 2002 to 2024, the guideline value has risen by +781%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, which is the same as the current value for U V Samynathan 4th Street.

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

Stamp duty and registration fee for property in U V Samynathan 4th Street

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

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

Which Sub Registrar Office covers U V Samynathan 4th Street?

The Sub Registrar Office that covers U V Samynathan 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of U V Samynathan 4th Street?

The current guideline value of U V Samynathan 4th 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 the years.

What is the land classification for U V Samynathan 4th Street?

U V Samynathan 4th Street is classified as Residential Class II Type - I.

What are the stamp duty rates for property in U V Samynathan 4th Street?

The stamp duty for property in U V Samynathan 4th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for U V Samynathan 4th Street located?

The Sub Registrar Office for U V Samynathan 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.