Guideline Value for Universal City Phase II

Universal City Phase II guideline value

The current guideline value of Universal City Phase II is Rs 1,614 per sq.ft, effective from 1 July 2024. This property is located in Asthinapuram village, under the Thiruporur SRO, with a land classification of Mixed Special Type - III.

How the guideline value of Universal City Phase II has changed

The guideline value for Universal City Phase II has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 1,614 per sq.ft, which was also the figure set in the previous revision of 2023. Prior to that, the 2017 revision set the value at Rs 1,081 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2024 and 2023 revisions both show no change, while the 2017 revision reflects the last significant adjustment in value.

Guideline values in Asthinapuram

In Asthinapuram, there are 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 value is Rs 1,614 per sq.ft, which is equal to the guideline value of Universal City Phase II.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,614 per sq.ft, the total guideline value amounts to Rs 16,14,000. The stamp duty at 7% would be Rs 1,12,980, and the registration fee at 2% would be Rs 32,280, bringing the total fees to Rs 1,45,260. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Universal City Phase II?

The Sub Registrar Office that covers Universal City Phase II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Asthinapuram. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, the guideline value is considered the minimum value for taxation purposes. This means that buyers should be aware of the guideline value to ensure they are prepared for the associated costs during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,614 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 1,081 per sq.ft in 2017 to 2023.

Are there any years with no guideline value for Universal City Phase II?

Yes, there are no figures available for the years 2002, 2003, 2007, and 2012 for Universal City Phase II.

What is the stamp duty for a property in Universal City Phase II?

The stamp duty for a property in Universal City Phase II is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Universal City Phase II?

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