Guideline Value for Uma Maheswari Nagar

Uma Maheswari Nagar guideline value

The current guideline value of Uma Maheswari Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village under the Sriperumpudur SRO, and it falls under Residential Class III Type - I land classification.

How the guideline value of Uma Maheswari Nagar has changed

The guideline value for Uma Maheswari Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 125 per sq.ft, which increased to Rs 300 per sq.ft in both the 2012 and 2023 revisions. The 2017 revision marked a significant increase to Rs 201 per sq.ft, while the 2024 revision maintains the value at Rs 300 per sq.ft. The register has no figure for this street in 2002 and 2003.

Between the revisions, the most notable changes include a 140% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then rose by 49% from 2017 to 2023, with no change from 2023 to 2024.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value is Rs 400 per sq.ft, placing Uma Maheswari Nagar's 2024 figure below this median.

• Varalakshmi Nagar: Rs 300 per sq.ft (2024)
• Theruveedhiyamman Koil Street: Rs 505 per sq.ft (2024)
• Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Telophone Exchange Street: Rs 400 per sq.ft (2024)
• Subasree Nagar: Rs 300 per sq.ft (2024)
• Sri Iyappa Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Uma Maheswari Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total Rs 27,000. 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 Uma Maheswari Nagar?

Uma Maheswari Nagar falls under the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Uma Maheswari Nagar?

The current guideline value of Uma Maheswari Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions being Rs 300 per sq.ft in 2023 and 2024, while it was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the median guideline value in Thandalam?

The median guideline value in Thandalam is Rs 400 per sq.ft, with Uma Maheswari Nagar's value being below this median at Rs 300 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where can I find the Sub Registrar Office for Uma Maheswari Nagar?

The Sub Registrar Office covering Uma Maheswari Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.