Guideline Value for UDAYA SURIYAN NAGAR 3RD STREET

Udaya Suriyan Nagar 3rd Street guideline value

The current guideline value of Udaya Suriyan Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Udaya Suriyan Nagar 3rd Street has changed

Over the years, the guideline value of Udaya Suriyan Nagar 3rd Street has seen significant changes. The earliest recorded figure is from 2007, where the value was Rs 500 per sq.ft. This value increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 300%. However, it then decreased to Rs 1,340 per sq.ft in 2017, a reduction of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, followed by the current rate of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for Udaya Suriyan Nagar 3rd Street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, the guideline values vary significantly, with 1,114 streets under the Purasaivakkam SRO carrying a 2024 figure 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 3rd Street's 2024 figure below the median.

• Udaya Suriyan Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Udaya Suriyan Nagar 3rd 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, bringing the total 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.

You can calculate your specific fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udaya Suriyan Nagar 3rd Street?

The Udaya Suriyan Nagar 3rd Street is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and compliance with legal requirements.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the actual sale price, which can significantly impact the total expenditure involved in the transaction.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar 3rd Street?

The current guideline value of Udaya Suriyan Nagar 3rd 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 this period.

What is the stamp duty rate for property in Udaya Suriyan Nagar 3rd Street?

The stamp duty rate for property transactions in Udaya Suriyan Nagar 3rd Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration in Udaya Suriyan Nagar 3rd Street?

The Purasaivakkam Sub Registrar Office handles property registration for Udaya Suriyan Nagar 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Can I find other streets with the same guideline value?

Yes, other streets in Perambur, such as Udaya Suriyan Nagar 1st, 2nd, 4th, 5th, 6th, and 11th Streets, also have a guideline value of Rs 2,200 per sq.ft in 2024.