Guideline Value for Uma mageswari Nagar

Uma mageswari Nagar guideline value

The current guideline value of Uma mageswari Nagar in Baraniputjur village, under the Kunrathur SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Uma mageswari Nagar has changed

The guideline value of Uma mageswari Nagar has seen significant changes over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased to Rs 1,100 per sq.ft in 2012. However, it dropped to Rs 737 per sq.ft in 2017, before rising to Rs 1,100 per sq.ft again in 2023. The most recent revision in 2024 has set the value at Rs 1,210 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 384%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 2,500 per sq.ft. The median value is Rs 1,210 per sq.ft, which is equal to the guideline value of Uma mageswari Nagar.

• Tvs Emerald Green Enclave: Rs 2,500 per sq.ft (2024)
• Vajjiravel Nagar: Rs 1,210 per sq.ft (2024)
• Vasanthapuram: Rs 1,210 per sq.ft (2024)
• Vasanthapuram Phase II: Rs 1,210 per sq.ft (2024)
• Theru veedhiyamman Koil Street: Rs 1,210 per sq.ft (2024)
• Thamu Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Uma mageswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total charges Rs 1,08,900. Duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Uma mageswari Nagar?

The Sub Registrar Office that covers Uma mageswari Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Baraniputjur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Uma mageswari Nagar?

The current guideline value of Uma mageswari Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 384% over the years.

What is the registration office for Uma mageswari Nagar?

The registration office for Uma mageswari Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,210 per sq.ft would incur a total stamp duty of Rs 84,700.

Are there other streets with the same guideline value in Baraniputjur?

Yes, several other streets in Baraniputjur also have a guideline value of Rs 1,210 per sq.ft, including Vajjiravel Nagar, Vasanthapuram, Vasanthapuram Phase II, Theru veedhiyamman Koil Street, and Thamu Nagar.