Guideline Value for UDAYA SURIYAN NAGAR 1ST STREET

Udaya Suriyan Nagar 1st Street guideline value

The current guideline value of Udaya Suriyan Nagar 1st 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 1st Street has changed

The guideline value for Udaya Suriyan Nagar 1st Street has seen significant changes over the years. In 2007, the value was Rs 500 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, followed by a rise to Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur village, the guideline values for 1,114 streets under the Purasaivakkam SRO range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Udaya Suriyan Nagar 1st Street is below this median.

• Udaya Suriyan Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 10th 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 1st 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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Udaya Suriyan Nagar 1st Street?

The Udaya Suriyan Nagar 1st 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 buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered. This value is used by the registration office to calculate the applicable stamp duty and registration fees during property transactions.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of a property. However, the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the registration fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar 1st Street?

The current guideline value of Udaya Suriyan Nagar 1st 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 changed significantly from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over these years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Udaya Suriyan Nagar 1st Street?

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

What is the land classification of Udaya Suriyan Nagar 1st Street?

Udaya Suriyan Nagar 1st Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.