Guideline Value for UJEEVANA NAGAR

Ujeevana Nagar guideline value

The current guideline value of Ujeevana Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Nanmangalam village under the Pallavaram SRO, and it falls under the Mixed Type - II land classification.

How the guideline value of Ujeevana Nagar has changed

The guideline value for Ujeevana Nagar has undergone several revisions, with the most recent being in 2024, where it is set at Rs 3,300 per sq.ft. The register has no figure for this street in the years 2023, 2017, 2012, 2007, 2003, and 2002.

Since there are no figures available for the previous revisions, it can be noted that the current 2024 guideline value is the only figure recorded for Ujeevana Nagar in the guideline value register.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Ujeevana Nagar's 2024 figure above that median.

• Vadivel Nagar: Rs 2,750 per sq.ft (2024)
• Vadivel Nagar 1 To 3 Streets: Rs 2,750 per sq.ft (2024)
• Vadivel Nagar Extn.: Rs 2,750 per sq.ft (2024)
• Thulukkanathamman Koil Street: Rs 1,980 per sq.ft (2024)
• Vairavan Street: Rs 2,750 per sq.ft (2024)
• Vallalar Street: Rs 1,960 per sq.ft (2024)

Stamp duty and registration fee for property in Ujeevana Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ujeevana Nagar?

The Sub Registrar Office that covers Ujeevana Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nanmangalam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established value of the property.

When a property is registered, the guideline value helps in assessing the appropriate taxes that need to be paid. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ujeevana Nagar?

The current guideline value of Ujeevana Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

What is the land classification of Ujeevana Nagar?

Ujeevana Nagar falls under the Mixed Type - II land classification.

Which Sub Registrar Office covers Ujeevana Nagar?

The Pallavaram Sub Registrar Office covers Ujeevana Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ujeevana Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.

Are there any previous guideline value figures for Ujeevana Nagar?

The guideline value register has no figures for Ujeevana Nagar for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only recorded figure is from the 2024 revision.