Guideline Value for U V Samynathan Street Ext.

U V Samynathan Street Ext. guideline value

The current guideline value of U V Samynathan Street Ext. 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 Street Ext. has changed

The guideline value for U V Samynathan Street Ext. has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 356 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2007, marking a rise of 237%. The 2012 revision saw a decrease to Rs 2,500 per sq.ft, which represented a decline of 33%. However, in 2017, the value rose again to Rs 1,675 per sq.ft, a 49% increase from the previous revision. The 2023 revision set the value at Rs 2,500 per sq.ft, before the latest revision in 2024 brought it to Rs 2,800 per sq.ft, reflecting a 12% increase.

It is important to note that there is no figure available for U V Samynathan Street Ext. in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 687%.

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 for these streets is Rs 2,800 per sq.ft, which is the same as the current value for U V Samynathan Street Ext.

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

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, calculated at 7%, would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Therefore, the total cost for stamp duty and registration fee would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers U V Samynathan Street Ext.?

The Sub Registrar Office that covers U V Samynathan Street Ext. 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 details.

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

The guideline value plays a significant role when buying or selling property in Ullagaram. It is used to determine the applicable stamp duty and registration fees during the registration process. Buyers and sellers must be aware that the guideline value is a crucial factor in calculating the total costs associated with property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of U V Samynathan Street Ext.?

The current guideline value of U V Samynathan Street Ext. 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 several times, starting from Rs 356 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 687% over the years.

What is the stamp duty rate for property transactions in U V Samynathan Street Ext.?

The stamp duty rate for property transactions in U V Samynathan Street Ext. is 7% of the guideline value or sale price, whichever is higher.

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.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used for these calculations.