Guideline Value for United India Nagar 3rd cross Street

United India Nagar 3rd cross Street guideline value

The current guideline value of United India Nagar 3rd cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - II.

How the guideline value of United India Nagar 3rd cross Street has changed

Over the years, the guideline value for United India Nagar 3rd cross Street has seen significant changes. In 2002, the guideline value was Rs 798 per sq.ft. This figure increased to Rs 895 per sq.ft in 2003, marking a rise of 12%. The value continued to climb, reaching Rs 2,400 per sq.ft in 2007, which represented a substantial increase of 168%. By 2012, the value had risen further to Rs 5,000 per sq.ft, showing an increase of 108% from the previous revision. However, in 2017, the value decreased to Rs 3,350 per sq.ft, reflecting a decline of 33%.

In 2023, the guideline value was Rs 5,000 per sq.ft, and it saw an increase of 10% to reach the current value of Rs 5,500 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 589%. There are no figures available for the revisions in years not listed above.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, indicating that the 2024 value for United India Nagar 3rd cross Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, leading to a total of Rs 4,95,000. 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 detailed calculations.

Which Sub Registrar Office covers United India Nagar 3rd cross Street?

The Sub Registrar Office that covers United India Nagar 3rd cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ayanavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government collects the appropriate taxes based on the property's value as determined by the guideline register.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of United India Nagar 3rd cross Street?

The current guideline value of United India Nagar 3rd cross Street 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 changed significantly from Rs 798 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, showing an overall increase of 589% over the years.

What is the land classification for United India Nagar 3rd cross Street?

United India Nagar 3rd cross Street is classified as Residential Class I Type - II.

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 at 7% is Rs 3,85,000, and the registration fee at 2% is Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers this street?

The AnnaNagar Sub Registrar Office covers United India Nagar 3rd cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.