Guideline Value for Universal City Phase IV

Universal City Phase IV guideline value

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

How the guideline value of Universal City Phase IV has changed

The guideline value for Universal City Phase IV has seen several revisions over the years. The 2017 revision set the value at Rs 1,081 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,614 per sq.ft. The most recent 2024 revision has kept the value at Rs 1,614 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, with no change recorded between 2023 and 2024.

Guideline values in Asthinapuram

In Asthinapuram, there are 32 streets under the Thiruporur SRO, with guideline values ranging from Rs 600 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,614 per sq.ft, which is equal to the current value for Universal City Phase IV.

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

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 to 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 use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Universal City Phase IV?

The Sub Registrar Office that covers Universal City Phase IV 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 a crucial factor in the registration process when buying or selling property in Asthinapuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Universal City Phase IV 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.

What is the land classification for Universal City Phase IV?

The land classification for Universal City Phase IV is Mixed Special Type - III.

Where is the Thiruporur Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Universal City Phase IV?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,14,000 incurs a stamp duty of Rs 1,12,980 at 7%.