Guideline Value for UDAYA SURIYAN NAGAR 5TH STREET

Udaya Suriyan Nagar 5th Street guideline value

The current guideline value of Udaya Suriyan Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Udaya Suriyan Nagar 5th Street has changed

Looking back at the revisions, the guideline value for Udaya Suriyan Nagar 5th Street was Rs 500 per sq.ft in 2007. It saw a significant increase to Rs 2,000 per sq.ft in 2012, marking a rise of 300%. The value remained unchanged at Rs 2,000 per sq.ft until the 2023 revision, when it increased to Rs 2,200 per sq.ft, reflecting a 10% rise. The current figure of Rs 2,200 per sq.ft is the latest revision effective from 1 July 2024.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Udaya Suriyan Nagar 5th Street's 2024 figure of Rs 2,200 per sq.ft is below this median.

• Udaya Suriyan Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 8th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Udaya Suriyan Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, leading to a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udaya Suriyan Nagar 5th Street?

The Udaya Suriyan Nagar 5th 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 property transactions, as it determines the minimum value at which properties must be registered. When buying or selling property in Perambur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the total cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Perambur.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar 5th Street?

The current guideline value of Udaya Suriyan Nagar 5th 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, 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 median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, with Udaya Suriyan Nagar 5th Street's value being below this median.

What are the stamp duty and registration fees for property in Udaya Suriyan Nagar 5th Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 1,98,000, based on the current guideline value of Rs 22,00,000.

Which office handles registrations for Udaya Suriyan Nagar 5th Street?

The Purasaivakkam Sub Registrar Office handles registrations for Udaya Suriyan Nagar 5th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.