Guideline Value for UDAYA SURIYAN NAGAR 8TH STREET

Udaya Suriyan Nagar 8th Street guideline value

The current guideline value of Udaya Suriyan Nagar 8th 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 8th Street has changed

The guideline value for Udaya Suriyan Nagar 8th Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in both 2012 and 2023. The most recent revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the most notable change occurred from 2007 to 2012, where the value surged by 300%. Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that the register has no figures for Udaya Suriyan Nagar 8th Street for the years 2002, 2003, and 2017.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, indicating that Udaya Suriyan Nagar 8th Street's 2024 figure is below this median.

• Udaya Suriyan Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 9th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar All Streets: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Udaya Suriyan Nagar 8th 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udaya Suriyan Nagar 8th Street?

The Udaya Suriyan Nagar 8th 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 details.

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

The guideline value is an essential factor in 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 that the transaction is recorded accurately in the official documents.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges that need to be paid at the time of registration. This ensures that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar 8th Street?

The current guideline value of Udaya Suriyan Nagar 8th 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 from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking a total increase of 340% over the years.

What is the land classification of Udaya Suriyan Nagar 8th Street?

Udaya Suriyan Nagar 8th Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Purasaivakkam Sub Registrar Office, which covers Udaya Suriyan Nagar 8th Street, is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Udaya Suriyan Nagar 8th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,54,000.