Guideline Value for Udaya Suriyan Nagar

Udaya Suriyan Nagar guideline value

The current guideline value of Udaya Suriyan Nagar is Rs 2,500 per sq.ft, as per the 2023 revision. This area falls under Urapakkam village and is classified as Commercial Class I Type - I. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Udaya Suriyan Nagar has changed

The guideline value for Udaya Suriyan Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 605 per sq.ft. This increased significantly in the 2012 revision to Rs 2,500 per sq.ft, marking a substantial rise of 313%. However, the 2017 revision saw a decrease to Rs 1,675 per sq.ft, which was a drop of 33%. The most recent revision in 2023 has restored the guideline value to Rs 2,500 per sq.ft, reflecting an increase of 49% from 2017. Overall, from 2007 to 2023, the guideline value has increased by 313%.

Guideline values in Urapakkam

Currently, there are no specific guideline values provided for other streets in Urapakkam under the Gooduvancheri SRO. Therefore, Udaya Suriyan Nagar stands out with its current guideline value of Rs 2,500 per sq.ft.

Stamp duty and registration fee for property in Udaya Suriyan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udaya Suriyan Nagar?

The Gooduvancheri Sub Registrar Office covers Udaya Suriyan Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Urapakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction.

At the time of registration, 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 in the area.

Frequently asked questions

What is the current guideline value of Udaya Suriyan Nagar?

The current guideline value of Udaya Suriyan Nagar is Rs 2,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase occurring from 2007 to 2012, where it rose from Rs 605 to Rs 2,500 per sq.ft. The value then decreased to Rs 1,675 per sq.ft in 2017 but has returned to Rs 2,500 per sq.ft in 2023.

What is the registration fee for properties in Udaya Suriyan Nagar?

The registration fee for properties in Udaya Suriyan Nagar is calculated at 2% of the guideline value. For example, if the guideline value is Rs 25,00,000, the registration fee would be Rs 50,000.

Where is the Gooduvancheri SRO located?

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

How is stamp duty calculated for properties in Udaya Suriyan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000.