Guideline Value for UDAYA SURIYAN NAGAR 11TH STREET

Udaya Suriyan Nagar 11th Street guideline value

The current guideline value for Udaya Suriyan Nagar 11th 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 11th Street has changed

The guideline value for Udaya Suriyan Nagar 11th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 500 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. By 2023, the value had risen again to Rs 2,000 per sq.ft, and the latest revision in 2024 set it at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Udaya Suriyan Nagar 11th Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Udaya Suriyan Nagar 11th Street's 2024 figure below that median.

• Udaya Suriyan Nagar 10th 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 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Udaya Suriyan Nagar 11th Street?

The Udaya Suriyan Nagar 11th Street falls under the jurisdiction of 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 a crucial factor when registering property transactions in Perambur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, which ensures that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar 11th Street?

The current guideline value of Udaya Suriyan Nagar 11th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 500 per sq.ft in 2007, rising to Rs 2,200 per sq.ft in 2024, with various increases and decreases in between.

What is the stamp duty for properties in Udaya Suriyan Nagar 11th Street?

The stamp duty for properties in Udaya Suriyan Nagar 11th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Purasaivakkam Sub Registrar Office covers Udaya Suriyan Nagar 11th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values in the area.