Guideline Value for Uma Nagar

Uma Nagar guideline value

The current guideline value of Uma Nagar, located in Peerklankaranai village under the Tambaram Joint 1 SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Uma Nagar has changed

The guideline value for Uma Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision further raised it to Rs 1,320 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%. However, the subsequent revisions show a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that Uma Nagar's 2024 guideline value is below this median.

• T.T.K. Nagar Extn: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 4th Main Road Ext: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 4rd cross Road: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 3rd Road: Rs 2,750 per sq.ft (2024)
• T.T.K.Nagar 3rd Main Road: Rs 2,750 per sq.ft (2024)
• T.T.K. Nagar 3rd cross Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Uma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Uma Nagar?

Uma Nagar falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peerklankaranai. It serves as the baseline for calculating stamp duty and registration fees, ensuring that all transactions are recorded at a standardized value. This helps maintain transparency and fairness in the property market.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Uma Nagar?

The current guideline value of Uma Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Uma Nagar?

Uma Nagar is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in Uma Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, with a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Uma Nagar located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059.