Guideline Value for Universal City Phase III

Universal City Phase III guideline value

The current guideline value of Universal City Phase III is Rs 1,614 per sq.ft. This property is located in Asthinapuram village under the Thiruporur SRO and is classified as Mixed Special Type - III.

How the guideline value of Universal City Phase III has changed

The guideline value for Universal City Phase III has remained consistent at Rs 1,614 per sq.ft from the 2023 revision to the 2024 revision, indicating no change. Prior to this, in the 2017 revision, the guideline value was Rs 1,081 per sq.ft, reflecting a 49% increase from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Asthinapuram

Asthinapuram village has a total of 32 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,614 per sq.ft, which is equal to the current value of Universal City Phase III.

• Universal City Phase II: Rs 1,614 per sq.ft (2024)
• Universal City Phase IV: Rs 1,614 per sq.ft (2024)
• Universal City Phase I: Rs 1,614 per sq.ft (2024)
• Srs Avenue Phase IV: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase III: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase II: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Universal City Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,614 per sq.ft, the total guideline value would be Rs 16,14,000. The stamp duty at 7% would amount to Rs 1,12,980, and the registration fee at 2% would be Rs 32,280, making the total cost for these fees Rs 1,45,260. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Universal City Phase III?

The Sub Registrar Office that covers Universal City Phase III is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Asthinapuram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable to the property being bought or sold.

When registering a property, buyers and sellers must consider the guideline value to ensure compliance with legal requirements. The guideline value helps in assessing the fair amount of tax to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Universal City Phase III?

The current guideline value of Universal City Phase III is Rs 1,614 per sq.ft, effective from July 1, 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 1,081 per sq.ft to Rs 1,614 per sq.ft in 2024.

What are the other streets in Asthinapuram with the same guideline value?

Other streets in Asthinapuram with the same guideline value of Rs 1,614 per sq.ft include Universal City Phase I, Universal City Phase II, and Universal City Phase IV.

What is the registration fee for properties in Universal City Phase III?

The registration fee for properties in Universal City Phase III is calculated at 2% of the guideline value. For a property valued at Rs 16,14,000, the registration fee would be Rs 32,280.

Where can I find the Sub Registrar Office for Universal City Phase III?

The Sub Registrar Office for Universal City Phase III is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.