Guideline Value for ULLASA NAGAR

Ullasa Nagar guideline value

The current guideline value of Ullasa Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area is part of Putlur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ullasa Nagar has changed

Looking at the revisions, the guideline value for Ullasa Nagar was Rs 400 per sq.ft in 2012. This figure remained the same in the subsequent revision of 2017, where it dropped to Rs 268 per sq.ft. The most recent revision in 2023 saw the guideline value increase to Rs 400 per sq.ft again. The register has no figures for the revisions in 2002, 2003, and 2007, as well as for 2024.

From 2012 to 2017, there was a decrease of 33%, followed by an increase of 49% from 2017 to 2023. Overall, from 2012 to 2023, the guideline value has remained the same, showing a net change of +0%.

Guideline values in Putlur

Currently, there are no specific guideline values listed for other streets in Putlur. Ullasa Nagar is the only street mentioned in the available records.

Stamp duty and registration fee for property in Ullasa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ullasa Nagar?

The Sub Registrar Office that covers Ullasa Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial aspect when buying or selling property in Putlur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ullasa Nagar?

The current guideline value of Ullasa Nagar is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value of Ullasa Nagar changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then increased back to Rs 400 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2024.

What are the stamp duty and registration fees for property in Ullasa Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. The duty is charged based on the higher value between the guideline value and the sale price.

Which office handles property registration for Ullasa Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registration for Ullasa Nagar. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What land classification does Ullasa Nagar fall under?

Ullasa Nagar is classified as Residential Class II Type - I, indicating its designation for residential use within the area.