Guideline Value for UDAYA SURIYAN NAGAR 6TH STREET

Udaya Suriyan Nagar 6th Street guideline value

The current guideline value of Udaya Suriyan Nagar 6th 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 6th Street has changed

The guideline value for Udaya Suriyan Nagar 6th Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 500 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% increase. In 2023, the value remained at Rs 2,000 per sq.ft, with no change noted. However, in the latest revision of 2024, the guideline value rose to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, and 2017.

Guideline values in Perambur

In Perambur, the guideline values vary across 1,114 streets under the Purasaivakkam SRO, with 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 6th Street's 2024 figure below that median.

• Udaya Suriyan Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 9th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Udaya Suriyan Nagar 6th 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, and the registration fee at 2% would be Rs 44,000, leading to a total cost of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udaya Suriyan Nagar 6th Street?

The Udaya Suriyan Nagar 6th 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 an important factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the sale price is not undervalued.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar 6th Street?

The current guideline value of Udaya Suriyan Nagar 6th 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 a total increase of 340% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, which means Udaya Suriyan Nagar 6th Street's current value is below this median.

What are the stamp duty and registration fees for property in Udaya Suriyan Nagar 6th Street?

The stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,98,000.

Which office handles property registrations for Udaya Suriyan Nagar 6th Street?

The Purasaivakkam Sub Registrar Office at 93/1, Bricklin Road, Otteri, Chennai- 600 012 handles property registrations for Udaya Suriyan Nagar 6th Street.