Guideline Value for Usen Street

Usen Street guideline value

The current guideline value of Usen Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Usen Street has changed

The guideline value for Usen Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 7%. There are no figures available for the years 2002, 2003, and 2007 for Usen Street in the register.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which means Usen Street's 2024 guideline value is below this median.

• Uppukara Street (16 Ward): Rs 1,400 per sq.ft (2024)
• Vadivel muthali Street: Rs 4,600 per sq.ft (2024)
• Vanagaram Road: Rs 6,600 per sq.ft (2024)
• T.P.O. Street: Rs 4,000 per sq.ft (2024)
• Township Street: Rs 4,000 per sq.ft (2024)
• Vanchinathan Street (16 Ward Thiruvalluar Nagar): Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Usen Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Usen Street?

The Sub Registrar Office that covers Usen Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Usen Street?

The current guideline value of Usen Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Usen Street?

Usen Street is classified as Residential Class V Type - I according to the land classification guidelines.

What are the stamp duty rates for property in Usen Street?

The stamp duty rate for property in Usen Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Usen Street?

The Sub Registrar Office for Usen Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.