Guideline Value for Umamageswari Nagar

Umamageswari Nagar guideline value

The current guideline value of Umamageswari Nagar, located in Thirupanthiyoor village, is Rs 200 per sq.ft. This value is set to take effect from 1 July 2024 and falls under the Residential Class IV Type - I land classification. The area is registered under the Sunguvarchattram SRO.

How the guideline value of Umamageswari Nagar has changed

Looking at the historical revisions, the guideline value for Umamageswari Nagar was Rs 200 per sq.ft in 2012, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in both 2023 and the upcoming 2024 revision. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw an increase of 49%. However, there has been no overall change from 2012 to 2024, as the value remains at Rs 200 per sq.ft. The current value reflects a stable position after fluctuations in previous years.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Umamageswari Nagar is below this median.

• Thomaiyar street: Rs 350 per sq.ft (2024)
• Thiruvallur Main Road(From PetrolBank To Anthoniyarpuram): Rs 450 per sq.ft (2024)
• Thirumanikuppam Salai: Rs 200 per sq.ft (2024)
• Vembullaimman Street: Rs 250 per sq.ft (2024)
• Swathi Nagar IV: Rs 612 per sq.ft (2024)
• swathi Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Umamageswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Umamageswari Nagar?

The Sub Registrar Office that covers Umamageswari Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Thirupanthiyoor. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property sale.

When registering a property, the guideline value is considered to ensure that the transaction is compliant with government regulations. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Umamageswari Nagar?

The current guideline value of Umamageswari Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What are the other guideline values in Thirupanthiyoor?

Other streets in Thirupanthiyoor have varying guideline values, ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft.

What fees are associated with buying property in Umamageswari Nagar?

When buying property, buyers need to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Umamageswari Nagar?

The Sub Registrar Office for Umamageswari Nagar is located at Vadivamal Nagar Kandigai Road, Opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your specific SRO through the provided link.