Guideline Value for UDAIYAR STREET NINNAKKARAI (WARD -19)

Udaiyar Street Ninnakkarai (Ward -19) guideline value

The current guideline value of Udaiyar Street Ninnakkarai (Ward -19) is Rs 660 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 I Type - III.

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

Over the years, the guideline value for Udaiyar Street Ninnakkarai has seen various revisions. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, reflecting a significant increase of +49% by 2023. The 2012 revision also had a value of Rs 600 per sq.ft, which represented a decrease of -33% from the 2017 figure. Notably, the register has no figures for the years 2002, 2003, and 2007.

When considering the overall changes from 2012 to 2024, the guideline value has increased by +10%. The fluctuations in values over the years indicate a dynamic adjustment in property valuation within this locality.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Udaiyar Street Ninnakkarai's 2024 figure below this median.

• Udaiyar Street (Ward -18): Rs 550 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 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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Udaiyar Street Ninnakkarai (Ward -19) is 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 Panangottur

The guideline value plays a crucial role during property transactions in Panangottur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property rather than the sale price alone.

When buying or selling property, the guideline value is referenced to determine the legal and financial obligations associated with the transaction. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Udaiyar Street Ninnakkarai?

The current guideline value of 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 2023 to Rs 660 per sq.ft in 2024, which is a +10% increase. From 2017 to 2023, it rose by +49% from Rs 402 per sq.ft.

What is the land classification for Udaiyar Street Ninnakkarai?

Udaiyar Street Ninnakkarai is classified as Residential Class I Type - III. This classification is essential for understanding the type of development allowed in the area.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Udaiyar Street Ninnakkarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 59,400, including stamp duty and registration fees.