Guideline Value for UDAYA SURIYAN NAGAR 9TH STREET

Udaya Suriyan Nagar 9th Street guideline value

The current guideline value of Udaya Suriyan Nagar 9th 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 it falls under the Residential Class IV Type - I land classification.

How the guideline value of Udaya Suriyan Nagar 9th Street has changed

The guideline value of Udaya Suriyan Nagar 9th Street has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has raised the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. It is noteworthy that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

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 as of 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Udaya Suriyan Nagar 9th Street's 2024 figure below that median.

• Udaya Suriyan Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar All Streets: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Street: Rs 2,700 per sq.ft (2024)
• Udaya Suriyan Nagar 6th 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 9th 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, totaling 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.

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

Which Sub Registrar Office covers Udaya Suriyan Nagar 9th Street?

The Udaya Suriyan Nagar 9th Street is covered by 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 in Perambur, as it determines the minimum price at which properties can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar 9th Street?

The current guideline value of Udaya Suriyan Nagar 9th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much 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, marking an overall increase of 340% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this area?

The Purasaivakkam Sub Registrar Office covers Udaya Suriyan Nagar 9th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including location and land classification. It serves as the minimum value for property registration.