Guideline Value for Ujjainee Street

Ujjainee Street guideline value

The current guideline value of Ujjainee Street in Ayanavaram village, under the AnnaNagar SRO, is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - III.

How the guideline value of Ujjainee Street has changed

The guideline value for Ujjainee Street has undergone several revisions over the years. In 2002, the value was Rs 504 per sq.ft, which increased to Rs 566 per sq.ft in 2003, marking a 12% rise. By 2007, the value saw a significant jump to Rs 1,000 per sq.ft, reflecting a 77% increase. The value further surged to Rs 4,500 per sq.ft in 2012, resulting in a remarkable 350% increase from the previous revision. However, it then decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 4,500 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, which is a 9% increase from the 2023 figure. There are no figures available for revisions in years not listed in the register.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which is the same as the current guideline value for Ujjainee Street.

• United India Nagar 2nd cross Street: Rs 5,500 per sq.ft (2024)
• United India Nagar 2nd Main Road: Rs 5,500 per sq.ft (2024)
• United India Nagar 3rd cross Street: Rs 5,500 per sq.ft (2024)
• United India Nagar 3rd Main Road: Rs 5,500 per sq.ft (2024)
• United India Nagar Ist cross Street: Rs 5,500 per sq.ft (2024)
• United India Nagar Ist Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ujjainee Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, resulting in a total of Rs 4,41,000. 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 Ujjainee Street?

The Sub Registrar Office that covers Ujjainee Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ayanavaram. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the officially recognized value of the property.

When buying or selling property, the guideline value is referenced to determine the applicable charges. This helps maintain transparency in property transactions and ensures that both buyers and sellers are aware of the official valuation of the property being exchanged.

Frequently asked questions

What is the current guideline value of Ujjainee Street?

The current guideline value of Ujjainee Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 504 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 872% over the years.

What is the land classification of Ujjainee Street?

Ujjainee Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Ujjainee Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Ujjainee Street?

The AnnaNagar Sub Registrar Office covers Ujjainee Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.