Guideline Value for Uma Nagar

Uma Nagar guideline value

The current guideline value of Uma Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

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 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,800 per sq.ft in 2023, before reaching the current value of Rs 1,900 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%, and then saw a modest rise of 6% from 2023 to 2024. Overall, the guideline value has increased by 6% from 2012 to 2024.

Guideline values in Puthagaram

Puthagaram village features a range of guideline values across its 140 streets under the Ambattur SRO, with figures ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value is Rs 1,900 per sq.ft, which is equal to the current guideline value of Uma Nagar.

• Vallalar Street: Rs 1,600 per sq.ft (2024)
• Valluvar Street: Rs 1,600 per sq.ft (2024)
• Vanavan Nagar: Rs 2,200 per sq.ft (2024)
• Vanavan Nagar Extention: Rs 2,200 per sq.ft (2024)
• Velmurugan Nagar: Rs 2,201 per sq.ft (2024)
• Velmurugan Nagar extention: Rs 2,201 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 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Uma Nagar?

Uma Nagar falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Puthagaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating these fees. Buyers should be aware that the stamp duty is charged on either the guideline value or the sale price, whichever is higher, ensuring that the transaction reflects the property's worth.

Frequently asked questions

What is the current guideline value of Uma Nagar?

The current guideline value of Uma Nagar is Rs 1,900 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 increase being from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, marking a 6% rise.

What is the land classification for Uma Nagar?

Uma Nagar is classified as Residential Class I Type - I, which indicates the type of development and usage permitted in the area.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Uma Nagar is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai.