Guideline Value for UDAYA SURIYAN NAGAR 2ND STREET

Udaya Suriyan Nagar 2nd Street guideline value

The current guideline value of Udaya Suriyan Nagar 2nd 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 2nd Street has changed

The guideline value for Udaya Suriyan Nagar 2nd Street has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly by 300% to Rs 2,000 per sq.ft in 2012. However, the value then decreased by 33% to Rs 1,340 per sq.ft in 2017.

From the 2017 revision, there was a substantial increase of 49%, bringing the guideline value to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has seen another increase of 10%, resulting in the current guideline value of Rs 2,200 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, the guideline values vary across 1114 streets under the Purasaivakkam SRO, with the 2024 figures ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Udaya Suriyan Nagar 2nd Street's value below the median.

• Udaya Suriyan Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 10th 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 2nd 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 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 accurate calculations.

Which Sub Registrar Office covers Udaya Suriyan Nagar 2nd Street?

The Udaya Suriyan Nagar 2nd 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 in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar 2nd Street?

The current guideline value of Udaya Suriyan Nagar 2nd 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 increased from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification of Udaya Suriyan Nagar 2nd Street?

Udaya Suriyan Nagar 2nd Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Udaya Suriyan Nagar 2nd Street?

The Sub Registrar Office for Udaya Suriyan Nagar 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.