Guideline Value for UDAIYAR STREET (WARD -18)

Udaiyar Street (Ward -18) guideline value

The current guideline value of Udaiyar Street (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Udaiyar Street (Ward -18) has changed

The guideline value of Udaiyar Street has seen several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it to Rs 500 per sq.ft. The most recent revision in 2024 saw another increase to Rs 550 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 990 per sq.ft, which means that the guideline value of Udaiyar Street is below this median.

• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Umarupulavar Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Union Salai, Peramnur (Ward -15): Rs 440 per sq.ft (2024)
• Unity Colony (Kr): Rs 990 per sq.ft (2024)
• Town Centre M.M.Nagar (Ward -3): Rs 1,760 per sq.ft (2024)
• T.N.H.B (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Udaiyar Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Udaiyar Street (Ward -18)?

The Sub Registrar Office that covers Udaiyar Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Udaiyar Street (Ward -18)?

The current guideline value of Udaiyar Street (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Udaiyar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,50,000. The stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Udaiyar Street?

The Chengleput Joint II Sub Registrar Office covers Udaiyar Street (Ward -18), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Udaiyar Street?

Udaiyar Street (Ward -18) is classified as Residential Class II Type - I, indicating its suitability for residential development.