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 Sattamangalam 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 seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 402 per sq.ft, marking a decline of 33%. In 2023, the value increased to Rs 600 per sq.ft, and the most recent 2024 revision has set it at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, where the median value is Rs 1,100 per sq.ft. The guideline value for Udaiyar Street Ninnakkarai is 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. Please note that the duty is charged on the higher of the guideline value or 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. 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 factor in property transactions in Sattamangalam, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate the applicable stamp duty and registration fees during the sale process.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

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 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 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 Sub Registrar Office for Udaiyar Street Ninnakkarai?

The Sub Registrar 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 based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.