Guideline Value for UDAYA SURIYAN NAGAR ALL STREETS

Udaya Suriyan Nagar All Streets guideline value

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

How the guideline value of Udaya Suriyan Nagar All Streets has changed

The guideline value for Udaya Suriyan Nagar All Streets has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was set at Rs 500 per sq.ft. This figure saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision. The 2023 revision maintained the value at Rs 2,000 per sq.ft, but the latest 2024 revision increased it to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The register does not provide figures for the revisions in 2017, 2003, and 2002 for this street.

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 All Streets' 2024 value is below this median.

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

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, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Udaya Suriyan Nagar All Streets?

The Sub Registrar Office that covers Udaya Suriyan Nagar All Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the property registration process in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar All Streets?

The current guideline value for Udaya Suriyan Nagar All Streets 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, marking an overall increase of 340% over this period.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, with Udaya Suriyan Nagar All Streets' value being below this median.

What fees are associated with registering property in Udaya Suriyan Nagar?

When registering property in Udaya Suriyan Nagar, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Udaya Suriyan Nagar?

The Sub Registrar Office for Udaya Suriyan Nagar is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012.