Guideline Value for UDAMPARA GARDEN

Udampara Garden guideline value

The current guideline value of Udampara Garden is Rs 950 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Udampara Garden has changed

The guideline value for Udampara Garden has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and currently stands at Rs 950 per sq.ft from the 2024 revision. The register has no figures for this street for the years 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The change from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, placing Udampara Garden's 2024 figure below that median.

• Vallalar Street: Rs 1,625 per sq.ft (2024)
• Vallalar Street (Kumaran Nagar): Rs 1,625 per sq.ft (2024)
• Vallar Street: Rs 1,625 per sq.ft (2024)
• Vallar Street (Kumaran Nagar): Rs 1,625 per sq.ft (2024)
• Valluvar Garden St: Rs 1,625 per sq.ft (2024)
• Thiruvika St, Konambedu: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Udampara Garden

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Udampara Garden?

The Sub Registrar Office that covers Udampara Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Udampara Garden?

The current guideline value of Udampara Garden is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification of Udampara Garden?

Udampara Garden is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in Udampara Garden?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 85,500.

Which office handles the registration for Udampara Garden?

The registration for Udampara Garden is handled by the Avadi Sub Registrar Office, located in Thandurai Village, Avadi Taluk, Tiruvallur District.