Guideline Value for United India Nagar 3rd Main Road

United India Nagar 3rd Main Road guideline value

The current guideline value of United India Nagar 3rd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of United India Nagar 3rd Main Road has changed

The guideline value for United India Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 798 per sq.ft. This increased to Rs 895 per sq.ft in 2003, marking a 12% rise. The value then saw significant growth, reaching Rs 2,400 per sq.ft in 2007, which represents a 168% increase. By 2012, the guideline value was Rs 5,000 per sq.ft, showing an increase of 108% from the previous revision. However, this value decreased to Rs 3,350 per sq.ft in 2017, which is a decline of 33%.

In the subsequent years, the guideline value continued to rise, with the 2023 revision set at Rs 5,000 per sq.ft, and then increasing to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 589%.

Guideline values in Ayanavaram

Ayanavaram comprises 369 streets under the AnnaNagar SRO, with a 2024 guideline value range from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, placing the 2024 figure for United India Nagar 3rd Main Road above this median.

• United India Nagar 3rd cross Street: Rs 5,500 per sq.ft (2024)
• United India Nagar Ist cross Street: Rs 5,500 per sq.ft (2024)
• United India Nagar 2nd Main Road: Rs 5,500 per sq.ft (2024)
• United India Nagar Ist Main Road: Rs 5,500 per sq.ft (2024)
• United India Nagar 2nd cross Street: Rs 5,500 per sq.ft (2024)
• Ujjainee Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in United India Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers United India Nagar 3rd Main Road?

The Sub Registrar Office that covers United India Nagar 3rd Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers should be aware that the guideline value may influence the overall cost of transferring property ownership.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of United India Nagar 3rd Main Road?

The current guideline value of United India Nagar 3rd Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 798 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 589% over the years.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office is responsible for United India Nagar 3rd Main Road?

The AnnaNagar Sub Registrar Office is responsible for United India Nagar 3rd Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for United India Nagar 3rd Main Road?

The land classification for United India Nagar 3rd Main Road is Residential Class I Type - II.