Guideline Value for UDAYA SURIYAN NAGAR 10TH STREET

Udaya Suriyan Nagar 10th Street guideline value

The current guideline value of Udaya Suriyan Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Udaya Suriyan Nagar 10th Street has changed

The guideline value for Udaya Suriyan Nagar 10th Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value rose again to Rs 2,000 per sq.ft in 2023 and has now reached Rs 2,200 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, followed by a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 reflects a substantial increase of 340%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that Udaya Suriyan Nagar 10th Street's current value is below this median.

• Udaya Suriyan Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Udaya Suriyan Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 Udaya Suriyan Nagar 10th Street?

The Sub Registrar Office that covers Udaya Suriyan Nagar 10th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official value of the property. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price during the transaction.

Frequently asked questions

What is the current guideline value for Udaya Suriyan Nagar 10th Street?

The current guideline value for Udaya Suriyan Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 340% over the years.

What is the registration office for Udaya Suriyan Nagar 10th Street?

The registration office for Udaya Suriyan Nagar 10th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the stamp duty would be Rs 1,54,000.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, while Udaya Suriyan Nagar 10th Street's current value is below this median.