Guideline Value for UDAIYAR STREET NINNAKKARAI (WARD -19)

Udaiyar Street Ninnakkarai (Ward -19) guideline value

The current guideline value for Udaiyar Street Ninnakkarai (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - III.

How the guideline value of Udaiyar Street Ninnakkarai (Ward -19) has changed

The guideline value for Udaiyar Street Ninnakkarai has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which was then revised to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 600 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO with a guideline value for 2024 ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the guideline value of Udaiyar Street Ninnakkarai below this median.

• Udaiyar Street (Ward -18): 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 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Udaiyar Street Ninnakkarai (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 information.

Which Sub Registrar Office covers Udaiyar Street Ninnakkarai (Ward -19)?

Udaiyar Street Ninnakkarai (Ward -19) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Udaiyar Street Ninnakkarai (Ward -19)?

The current guideline value for Udaiyar Street Ninnakkarai (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers this area?

The Chengleput Joint II Sub Registrar Office covers Udaiyar Street Ninnakkarai (Ward -19), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Udaiyar Street Ninnakkarai?

Udaiyar Street Ninnakkarai is classified as Residential Class I Type - III, indicating its suitability for residential development.