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 Sattamangalam 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 for Udaiyar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the current 2024 revision has raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 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 in this area is Rs 1,100 per sq.ft, which means that Udaiyar Street's 2024 figure of Rs 550 per sq.ft 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 would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. 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 more accurate calculations.

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 information.

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

The guideline value is a crucial metric used during the registration of property transactions in Sattamangalam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuations set by the government.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall transaction costs. Buyers should be aware that the stamp duty will be charged on the higher of the guideline value or the sale price, which can influence their budget and financial planning.

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 is the land classification for Udaiyar Street (Ward -18)?

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

What are the stamp duty and registration fees for properties here?

For a property valued at 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.

Where can I find the Sub Registrar Office for Udaiyar Street (Ward -18)?

The Sub Registrar Office for Udaiyar Street (Ward -18) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.