Guideline Value for U.V. Samynathan Street

U.V. Samynathan Street guideline value

The current guideline value of U.V. Samynathan Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Alandur village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of U.V. Samynathan Street has changed

The guideline value for U.V. Samynathan Street has seen several revisions over the years. In 2002, the guideline value was Rs 524 per sq.ft. This figure increased to Rs 569 per sq.ft in 2003, marking a change of +9%. The value continued to rise significantly, reaching Rs 1,800 per sq.ft in 2007, which was a substantial increase of +216%. In 2012, the value adjusted to Rs 4,500 per sq.ft, reflecting a decrease of -33% from the previous revision. The guideline value then rose again to Rs 3,015 per sq.ft in 2017, an increase of +49% from 2012. The most recent revision in 2023 set the value at Rs 4,500 per sq.ft, which then increased to Rs 5,000 per sq.ft in 2024, a rise of +11%.

There are no figures available for the years not mentioned in the register for U.V. Samynathan Street. The overall increase from 2002 to 2024 is +854%, highlighting the significant changes in the guideline value over the years.

Guideline values in Alandur

Alandur village has a range of guideline values for 40 streets under the Alandur SRO, with the 2024 figures ranging from Rs 3,900 to Rs 11,000 per sq.ft. The median value is Rs 5,000 per sq.ft, which is equal to the current guideline value of U.V. Samynathan Street.

• Vembuli Subethar Street: Rs 4,400 per sq.ft (2024)
• Vempuli Amman Koil Street: Rs 5,000 per sq.ft (2024)
• Venu reddy Street: Rs 5,500 per sq.ft (2024)
• Thadikkara Swamy Street: Rs 5,000 per sq.ft (2024)
• Yegambara dabether Street: Rs 5,000 per sq.ft (2024)
• Subba Colony (Subba Reddy Colony): Rs 5,000 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total cost for these fees Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers U.V. Samynathan Street 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 Alandur

The guideline value plays a crucial role in the registration process when buying or selling property in Alandur. 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 accordance with the regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of U.V. Samynathan Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 524 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, showing an overall increase of +854% over this period.

What is the land classification of U.V. Samynathan Street?

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

Where can I find the Alandur Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 4,50,000.