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 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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

The guideline value for Udaiyar Street Ninnakkarai has undergone several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. This figure remained the same until the next revision in 2017, where it dropped to Rs 402 per sq.ft, representing a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 661 per sq.ft in 2024, marking a 10% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. When considering the overall change from 2012 to 2024, the guideline value has increased by 10%, moving from Rs 600 per sq.ft in 2012 to Rs 661 per sq.ft in 2024.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Udaiyar Street Ninnakkarai's 2024 figure below that 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 661 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 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. 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)?

Udaiyar Street Ninnakkarai (Ward -19) is covered by 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 more information.

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

The guideline value is an essential factor when buying or selling property in Peramanoor, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

When a property is registered, the guideline value serves as a benchmark for the transaction. If the sale price exceeds the guideline value, the stamp duty is calculated based on the sale price. Therefore, it is crucial for both parties to understand the guideline value to avoid any discrepancies during the registration process.

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 661 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Udaiyar Street Ninnakkarai?

Udaiyar Street Ninnakkarai is classified as Residential Class I Type - III.

Where can I find the registration office for Udaiyar Street Ninnakkarai?

The registration office covering Udaiyar Street Ninnakkarai is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 46,270.