Guideline Value for UNITED INDIA NAGAR

United India Nagar guideline value

The current guideline value of United India Nagar is Rs 400 per sq.ft, as per the 2023 revision. This street is located in Thozhuvur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of United India Nagar has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, reaching the current rate of Rs 400 per sq.ft.

Overall, when comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific guideline values provided for other streets in Thozhuvur. United India Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in United India Nagar

For a 1,000 sq.ft plot at the current guideline value rate of Rs 400 per sq.ft, the total 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 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 United India Nagar?

The Sub Registrar Office that covers United India 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 Thozhuvur

The guideline value is a crucial factor in the registration process when buying or selling property in Thozhuvur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of United India Nagar?

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

How much has the guideline value changed in recent years?

From the 2012 revision to the 2017 revision, the guideline value decreased by 33% from Rs 400 per sq.ft to Rs 268 per sq.ft. However, it increased by 49% from 2017 to 2023, returning to Rs 400 per sq.ft.

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

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value. For a 1,000 sq.ft plot at Rs 400 per sq.ft, the total stamp duty and registration fees would amount to Rs 36,000.

Which Sub Registrar Office covers United India Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers United India Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Thozhuvur with guideline values?

Currently, there are no other streets in Thozhuvur listed with guideline values. United India Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.