Guideline Value for Usha Nagar

Usha Nagar guideline value

The current guideline value of Usha Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Usha Nagar has changed

The guideline value for Usha Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 72 per sq.ft. This increased significantly to Rs 328 per sq.ft in 2007, marking a rise of 356%. The 2012 revision saw the value remain unchanged at Rs 1,200 per sq.ft, while the 2017 revision increased it to Rs 804 per sq.ft, representing a decrease of 33% from the previous figure. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,200 per sq.ft, showing no change from 2023 to 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1567%. It is worth noting that there is no figure available for Usha Nagar in the 2003 revision.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Usha Nagar's 2024 figure below this median.

• Usha Nagar Extn: Rs 1,200 per sq.ft (2024)
• Udhayasuriyan Nagar: Rs 2,000 per sq.ft (2024)
• Vallalar Nagar: Rs 1,500 per sq.ft (2024)
• Thulukkanathamman Kovil Street: Rs 1,500 per sq.ft (2024)
• Valluvar Colony: Rs 1,200 per sq.ft (2024)
• Valluvar Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Usha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total charges Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Usha Nagar?

The Sub Registrar Office that covers Usha Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue based on the property's assessed value.

When a buyer or seller approaches the registration office, the guideline value will be referenced to calculate the necessary fees. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved in the process.

Frequently asked questions

What is the current guideline value of Usha Nagar?

The current guideline value of Usha Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 1,200 per sq.ft. The overall increase from 2002 to 2024 is 1567%.

What is the land classification of Usha Nagar?

Usha Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Usha Nagar?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Usha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,200 per sq.ft would incur a total stamp duty of Rs 84,000.