Guideline Value for Universal City Phase I

Universal City Phase I guideline value

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

How the guideline value of Universal City Phase I has changed

The guideline value for Universal City Phase I has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 1,614 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision set the value at Rs 1,081 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, there has been a 49% increase in the guideline 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 I.

• Universal City Phase II: 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 I

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 charges 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 to estimate your costs.

Which Sub Registrar Office covers Universal City Phase I?

The Sub Registrar Office that covers Universal City Phase I 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 during property registration in Asthinapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable fees. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Universal City Phase I 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. It increased from Rs 1,081 per sq.ft in 2017 to Rs 1,614 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Asthinapuram with guideline values?

Other streets in Asthinapuram include Universal City Phase II, III, and IV, all at Rs 1,614 per sq.ft, and Srs Avenue Phase II, III, and IV, which are at Rs 1,300 per sq.ft (2024).

What is the registration fee for property in Universal City Phase I?

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

Which office handles property registrations for Universal City Phase I?

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