Guideline Value for Uco Nagar

Uco Nagar guideline value

The current guideline value of Uco Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Uco Nagar has changed

The guideline value for Uco Nagar has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it saw a decrease of 33% to Rs 670 per sq.ft in 2017. The value remained unchanged at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Uco Nagar's value above this median.

• Tremain Project: Rs 804 per sq.ft (2024)
• Teacher's DJM City: Rs 1,200 per sq.ft (2024)
• Susee Avenue: Rs 1,000 per sq.ft (2024)
• Survey Number 3.4,6 All Subdivision: Rs 701 per sq.ft (2024)
• Sundaram Garden: Rs 1,642 per sq.ft (2024)
• Vijaya Lakshmi Avenue: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Uco Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Uco Nagar?

The Uco Nagar area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to accurately estimate the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Uco Nagar?

The current guideline value of Uco Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing no change from 2023 to 2024. The value increased from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017.

What is the land classification for Uco Nagar?

Uco Nagar is classified as Residential Special Type - III, indicating its suitability for residential development.

What is the stamp duty rate for properties in Uco Nagar?

The stamp duty rate for properties in Uco Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.